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2400 E Highway 50 - Ladybird Academy 12,400 SF Specialty Building Offered at $5,500,000 at a 6.75% Cap Rate in Clermont, FL 34711
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining | Recent Lease Renewal | Rent Increases | Established Tenant | 11-Year Operating History
- Fronting E Hwy 50 | Dense Retail Corridor | Part of Larger Center | Surrounding New Development | Long-Term Viability in Underlying Real Estate
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities | No State Income Tax
- Demographics & 5-Mile Trade Area | Proximity to Orlando
EXECUTIVE SUMMARY
• The tenant has operated at this location for 11+ years and has 8+ years remaining on their lease with 3 (5-year) options to extend
• The tenant renewed their lease in May 2024 for an additional 10 years, showing commitment and success at this location
• The lease features 10% rental increases every 5 years throughout the initial term and during each option to extend
• The original multi-unit operator has been in place since 2014
• Franchisee operated 4 schools and has 2 remaining
• 2 were sold to the Franchisor to grow the corporate portfolio
• 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
• The tenant renewed their lease in May 2024 for an additional 10 years, showing commitment and success at this location
• The lease features 10% rental increases every 5 years throughout the initial term and during each option to extend
• The original multi-unit operator has been in place since 2014
• Franchisee operated 4 schools and has 2 remaining
• 2 were sold to the Franchisor to grow the corporate portfolio
• 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
PROPERTY FACTS
| Price | $5,500,000 | Building Class | B |
| Price Per SF | $443.55 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 12,400 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2015 |
| Property Subtype | School | ||
| Zoning | C-2 - General Commercial District | ||
| Price | $5,500,000 |
| Price Per SF | $443.55 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 12,400 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Zoning | C-2 - General Commercial District |
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 28-22-26-1050-000-00A00 | Improvements Assessment | $867,485 |
| Land Assessment | $1,522,509 | Total Assessment | $2,389,994 |
PROPERTY TAXES
Parcel Number
28-22-26-1050-000-00A00
Land Assessment
$1,522,509
Improvements Assessment
$867,485
Total Assessment
$2,389,994
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2400 E Highway 50 - Ladybird Academy
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