Child Care

The Children's Courtyard | Creditworthy Corporate Guarantor | Tampa, FL MSA

17727 Mentmore Blvd, Land O' Lakes, FL 34638

Listing Price: $3,645,000

Cap Rate
6.23%
Tenant Name
The Children's Courtyard
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
11,970
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.98

Investment Overview

NEW 15-YEAR LEASE PLACED ON LONG TERM DAY CARE OPERATION – The present tenant acquired the business from an operator occupying this location for 13 years. A new lease was executed and enrollment is at 100% with a waiting list. This continuity of use suggests this is a highly desirable daycare location. ADJACENT TO UPSCALE 969-HOME MASTER PLANNED COMMUNITY – Positioned adjacent to Ballantrae, an upscale community that was built in phases between 2004 and 2009. The 436-acre community consists of six villages, a club house and a park.

Investment Highlights

  • NEW 15-YEAR CORPORATE LEASE OF EXISTING LOCATION; OPERATED FOR 13+ YEARS
  • 7.50 PERCENT RENTAL INCREASES EVERY FIVE YEARS
  • RAPIDLY GROWING TAMPA SUBURB WITH $117,994 AHHI

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Child Care

The Children's Courtyard | Creditworthy Corporate Guarantor | Tampa, FL MSA

Listing Price: $3,645,000

Cap Rate
6.23%
Tenant Name
The Children's Courtyard
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
11,970
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.98

Investment Highlights

  • NEW 15-YEAR CORPORATE LEASE OF EXISTING LOCATION; OPERATED FOR 13+ YEARS
  • 7.50 PERCENT RENTAL INCREASES EVERY FIVE YEARS
  • RAPIDLY GROWING TAMPA SUBURB WITH $117,994 AHHI

Investment Overview

NEW 15-YEAR LEASE PLACED ON LONG TERM DAY CARE OPERATION – The present tenant acquired the business from an operator occupying this location for 13 years. A new lease was executed and enrollment is at 100% with a waiting list. This continuity of use suggests this is a highly desirable daycare location. ADJACENT TO UPSCALE 969-HOME MASTER PLANNED COMMUNITY – Positioned adjacent to Ballantrae, an upscale community that was built in phases between 2004 and 2009. The 436-acre community consists of six villages, a club house and a park.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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