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10274 N Sherman Ave, Glen St Mary, FL, 32040

Kid City USA
$1,158,720

Key Information

Cap Rate
7.5%
$ per SF
$311
Year Built
1987/R2000
Term Remaining
±13.2 YRS
Type
Retail
NOI
$86,904
Leasable Area
3,731

Highlights

  • Long-Term Absolute NNN Lease With Corporate Guarantee
    • Over 13 years remaining on original lease term with two 5-year renewal options, providing long-term stability and predictable cash flow.
    • Absolute NNN lease structure with zero landlord responsibilities.
    • Full corporate guarantee for entire lease term
  • Built-In Rent Growth
    • The lease features 2.00% annual rent escalations, delivering steady income growth and a strong hedge against inflation.
  • Established National Tenant
    • Kid City USA is a nationally recognized childcare operator headquartered in Daytona Beach, FL, operating 140+ locations nationwide.
    • The lease benefits from both a strong corporate guarantee encompassing all 140+ units
  • Income Tax-Free State
    • Florida is an income tax-free state, offering enhanced net returns to investors.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203