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Kid City USA 10274 N Sherman Ave 3,731 SF Retail Building Glen Saint Mary, FL 32040 $1,158,720 ($310.57/SF) 7.50% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease With Corporate Guarantee
- Absolute NNN lease structure with zero landlord responsibilities.
- Built-In Rent Growth
- Over 13 years remaining on original lease term with two 5-year renewal options, providing long-term stability and predictable cash flow.
- Full corporate guarantee for entire lease term
- The lease features 2.00% annual rent escalations, delivering steady income growth and a strong hedge against inflation.
Executive Summary
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
Kid City is committed to exceptional childcare and early childhood education in a homelike environment. Kid City is a place “Where Kids Can ‘BEE’ Kids”. They are committed to providing families with a safe, healthy, structured environment filled with love and encouragement. Their program works diligently to develop the social, emotional, cognitive, physical and character development of each individual child. They respect the uniqueness of each family’s customs and beliefs. Kid City does not discriminate against anyone (child or adult, staff or parent) based on sex, age, religion, natural origin, race, marital status, physical or mental disability, or veteran status. They practice an open-door policy and encourage parents to “bee” an active part in their children’s learning and development process.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Triple Net | - |
Property Taxes
| Parcel Number | 36-2S-21-0051-0037-0100 | Improvements Assessment | $198,313 |
| Land Assessment | $68,750 | Total Assessment | $267,063 |
Property Taxes
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Kid City USA | 10274 N Sherman Ave
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