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O2B Kids! Day Care & Education Center 1013 N State Road 7 8,840 SF Retail Building Royal Palm Beach, FL 33411 $4,565,000 ($516.40/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG TERM PASSIVE NNN OPPORTUNITY: Minimal landlord responsibilities, roof & structure only
- STRONG STABLE EARLY EDUCATION TENANCY: O2B Kids is a proven and expanding industry leader in early education, with 76 locations nationwide
- ACCREDITED LOCATION: The center holds multiple accreditations, including APPLE (Accredited Professional Preschool Learning Environment)
- RENTAL ESCALATIONS: Annual scheduled increases of 2.5% or CPI, whichever is greater
- RECESSION-RESISTANT INDUSTRY: Steady enrollment through economic cycles, with a growing demand from rising number of dual-income households
- PRIME ROYAL PALM BEACH LOCATION: Strategically situated on US-441, this center serves nearby neighborhoods with extremely high AHH (over $134,000)
EXECUTIVE SUMMARY
O2B Kids! | Long Term, Corporate, Industry Leading Early Education Tenancy | Tax-Free State
This offering presents a qualified buyer with the chance to acquire a long-term, passive NNN investment opportunity in an income tax-free state. The lease has 9+ years remaining on the base term and features built-in annual rental escalations, ensuring consistent income growth. The tenant, O2B Kids, is a fast growing, industry leading early education provider with 76 locations nationwide. The center is fully accredited, holding APPLE, NAC, and NECPA recognitions, further underscoring its quality and credibility. Strategically located in Royal Palm Beach, right off US-441, the property serves its affluent surrounding neighborhoods with average household incomes exceeding $134,000 within one mile from the subject site.
This offering presents a qualified buyer with the chance to acquire a long-term, passive NNN investment opportunity in an income tax-free state. The lease has 9+ years remaining on the base term and features built-in annual rental escalations, ensuring consistent income growth. The tenant, O2B Kids, is a fast growing, industry leading early education provider with 76 locations nationwide. The center is fully accredited, holding APPLE, NAC, and NECPA recognitions, further underscoring its quality and credibility. Strategically located in Royal Palm Beach, right off US-441, the property serves its affluent surrounding neighborhoods with average household incomes exceeding $134,000 within one mile from the subject site.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,840 SF
Building Class
C
Year Built
2001
Price
$4,565,000
Price Per SF
$516.40
Cap Rate
6.65%
NOI
$303,609
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.24 AC
Zoning
CG
Parking
35 Spaces (3.76 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Tenant Controlled HVAC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- O2B Kids Preschool
- Educational Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| O2B Kids Preschool | Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 72-41-43-25-22-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,059,708 |
PROPERTY TAXES
Parcel Number
72-41-43-25-22-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,059,708
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O2B Kids! Day Care & Education Center | 1013 N State Road 7
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