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Kid City USA | Triple Net (NNN) Lease

$749,088

243 Northeast 7th Terrace, Crystal River, FL 34428

Pending
Last Updated: 07/19/2021

7

Cap Rate

52,436

NOI

Details:
Cap Rate:    7%
NOI:    $52,436
Building Size:    3,104 sqft
Lot Area:    0.84 acres
Lease Type:    Triple Net
Year Built:    1991
Price Per Sqft:    $241.33
Roof:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • Long-Term 12 Year Triple Net Lease With Zero Landlord Responsibility
  • Corporate and Personal Guarantee
  • Kid City USA Has Been in Business For More Than 20 Years With Over 50 Locations in Both Florida and Indiana; They Are Rapidly Expanding Due to the Quality of Their Programs
  • Located Off Hwy 98, the North/South Corridor Along the Western Edge of FL, That Sees Traffic Counts of Over 28,624 VPD
  • Ideal Demographics With a Population of Over 77,797 Residents Within a 10-Mile Radius
  • Residents Make an Average Household Income of $62,751 Within a 3-Mile Radius
  • Limited Competition With Only One Other Preschool Within a 10-Mile Radius
  • Nearby Feeder Schools: Crystal River Primary School, Rock Crusher Elementary School, Red Level Christian Academy and Crystal River Christian Academy
  • Crystal River is the Self Professed “Home of the Manatee” and is Also Home to the Crystal River Preserve State Park and Archaeological State Park
  • Tampa is Located 1.5 Hours South, While Orlando is Just Under 2 Hours to the West
  • Florida is a Tax-Free State
  • Nearby Tenants Include: McDonald’s, Quick Care Med, Subway, Shell, AT&T, Hardee’s, Dunkin’, Harbor Freight, Big Lots, Wendy’s, Enterprise and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,104 SF Kid City USA Located at 243 NE 7th Terrace in Crystal River, FL. This Opportunity Includes a Highly Desirable 12 Year Triple Net (NNN) Lease With Zero Landlord Responsibility, Providing For an Excellent Investment.





In Cooperation With SIG RE Services, LLC
Lic. # CQ1055229

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