Child Care

Bright Ideas Enrichment Center

45 S Shore Dr, Miramar Beach, FL 32550

Listing Price: $1,976,165

Cap Rate
7.25%
Tenant Name
Clear Capital, LLC, Series One-Childcare
Years Remaining On Lease
14.0
Gross SF
4,988
Guarantor
Corporate Guarantee
Rentable SF
4,988
Price/Gross SF
$396.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.72

Investment Overview

Marcus & Millichap is proud to present Bright Ideas Learning Center located at 45 South Shore Drive in Miramar Beach, Florida. This 5,818 SF building was constructed in 1994 and sits on 0.82 acres. Bright Ideas Child Care is a 3-star facility established in the late 1990s. This NNN lease runs until 2035 followed by 2 option periods of 5 years each. This Bright Ideas location is not your typical childcare or preschool as it is a preschool and childcare center that has extracurricular activity programs for children 6 weeks to 12 years of age; offering a before and after school care program. Currently, there are 5 Bright Ideas Enrichment Centers nationwide across 4 different states.

The subject property is located just off of the Emerald Coast Parkway which sees over 51,000 VPD. The median household income for Miramar Beach is $65,435. Miramar Beach is a resort area home to many condos and apartments which bring in large influxes of tourists. This location is less than a mile away from the beach and within walking distance to the Silver Sands Premium Outlets which is home to high-end tenants such as the Nike Factory Store, Michael Kors, Polo Ralph Lauren, and Coach.

Investment Highlights

  • NNN Lease January 2020 - January 2035 with 2 Option Periods
  • Lease Backed by Private Equity Firm
  • 1% Annual Rent Increases
  • Premium Locale

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Child Care

Bright Ideas Enrichment Center

Listing Price: $1,976,165

Cap Rate
7.25%
Tenant Name
Clear Capital, LLC, Series One-Childcare
Years Remaining On Lease
14.0
Gross SF
4,988
Guarantor
Corporate Guarantee
Rentable SF
4,988
Price/Gross SF
$396.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.72

Investment Highlights

  • NNN Lease January 2020 - January 2035 with 2 Option Periods
  • Lease Backed by Private Equity Firm
  • 1% Annual Rent Increases
  • Premium Locale

Investment Overview

Marcus & Millichap is proud to present Bright Ideas Learning Center located at 45 South Shore Drive in Miramar Beach, Florida. This 5,818 SF building was constructed in 1994 and sits on 0.82 acres. Bright Ideas Child Care is a 3-star facility established in the late 1990s. This NNN lease runs until 2035 followed by 2 option periods of 5 years each. This Bright Ideas location is not your typical childcare or preschool as it is a preschool and childcare center that has extracurricular activity programs for children 6 weeks to 12 years of age; offering a before and after school care program. Currently, there are 5 Bright Ideas Enrichment Centers nationwide across 4 different states.

The subject property is located just off of the Emerald Coast Parkway which sees over 51,000 VPD. The median household income for Miramar Beach is $65,435. Miramar Beach is a resort area home to many condos and apartments which bring in large influxes of tourists. This location is less than a mile away from the beach and within walking distance to the Silver Sands Premium Outlets which is home to high-end tenants such as the Nike Factory Store, Michael Kors, Polo Ralph Lauren, and Coach.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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