St. Johns, FL - Ladybird Academy

Description:

• The tenant, Ladybird Academy, recently signed a brand new 15 year lease with 2 (5-year) options to extend
• The lease features 2% annual rental increases throughout the initial term, increasing NOI and hedging against inflation
• Ladybird Academy is a leader in providing the very best preschool early learning and education with high quality care for children 6 weeks through school age
• Based in Central Florida, Ladybird Academy has 25 locations and is expanding its footprint throughout the state and into Texas in the near future
• The St. Johns location is operating at full enrollment with a waiting list and raised tuition every year since opening

• The asset is strategically fronting Islesbrook Parkway
• Ladybird Academy is located off State Highway 9B averaging 50,000 vehicles per day
• The surrounding schools include Liberty Pines Academy and Patriot Oaks Academy
• The St. Johns location is ranked #2 overall in the Ladybird Academy system out of 25 total locations
• The asset has excellent visibility and multiple points of ingress/egress