Child Care

Sunrise High

Listing Price: $5,150,000

Cap Rate
8.00%
Tenant Name
Sunrise High
Years Remaining On Lease
4.80
Guarantor
Corporate Guarantee
Rentable SF
12,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.84

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Sunrise High (the “Property”), a single-tenant, net-leased charter school in Fort Lauderdale, Florida. The Property consists of a 12,600-square-foot, two-story building and a small admissions outparcel. The tenant, Sunrise High School, commenced the lease of the Property in 2010 and just exercised their second, five-year option, showing continued commitment to the Property. They have one additional five-year option remaining with CPI rental increases at each option period. Sunrise High offers an investor a truly management-free investment with zero landlord responsibilities in the rapidly growing Fort Lauderdale CBD. Sunrise High School, is a fully accredited Florida State charter school with 270 students currently enrolled. The school prides itself for using 21st century technology with a focus on individualized learning, offering students the opportunity to become college and career ready, and to earn their high-school diploma in a non-traditional school environment. The Property is located directly on Sunrise Blvd, a predominant east-west corridor in Fort Lauderdale that runs from the ocean all the way to the Everglades, and has direct connectivity to all major highways and interstates in the area, including Interstate 95, the Florida Turnpike and the Sawgrass Expressway. The almost one-acre parcel offers three points of access, and Sunrise Boulevard has traffic counts of nearly 67,000 vehicles per day.

Investment Highlights

  • TENANT JUST EXERCISED ITS SECOND FIVE-YEAR RENEWAL OPTION, SHOWING COMMITMENT TO THE PROPERTY.
  • ZERO LANDLORD RESPONSIBILITIES – MANAGEMENT-FREE INVESTMENT
  • LOCATED ON A PREMIER CORRIDOR IN FORT LAUDERDALE, MINUTES AWAY FROM FLAGLER VILLAGE, ONE OF SOUTH FLORIDA'S HOTTEST NEIGHBORHOODS, AND DOWNTOWN FORT LAUDERDALE
  • EXCELLENT ACCESS – 3 INGRESS/EGRESS ACCESS POINTS

Exclusively Listed By

Listing Price: $5,150,000

Cap Rate
8.00%
Tenant Name
Sunrise High
Years Remaining On Lease
4.80
Guarantor
Corporate Guarantee
Rentable SF
12,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.84

Investment Highlights

  • TENANT JUST EXERCISED ITS SECOND FIVE-YEAR RENEWAL OPTION, SHOWING COMMITMENT TO THE PROPERTY.
  • ZERO LANDLORD RESPONSIBILITIES – MANAGEMENT-FREE INVESTMENT
  • LOCATED ON A PREMIER CORRIDOR IN FORT LAUDERDALE, MINUTES AWAY FROM FLAGLER VILLAGE, ONE OF SOUTH FLORIDA'S HOTTEST NEIGHBORHOODS, AND DOWNTOWN FORT LAUDERDALE
  • EXCELLENT ACCESS – 3 INGRESS/EGRESS ACCESS POINTS

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Sunrise High (the “Property”), a single-tenant, net-leased charter school in Fort Lauderdale, Florida. The Property consists of a 12,600-square-foot, two-story building and a small admissions outparcel. The tenant, Sunrise High School, commenced the lease of the Property in 2010 and just exercised their second, five-year option, showing continued commitment to the Property. They have one additional five-year option remaining with CPI rental increases at each option period. Sunrise High offers an investor a truly management-free investment with zero landlord responsibilities in the rapidly growing Fort Lauderdale CBD. Sunrise High School, is a fully accredited Florida State charter school with 270 students currently enrolled. The school prides itself for using 21st century technology with a focus on individualized learning, offering students the opportunity to become college and career ready, and to earn their high-school diploma in a non-traditional school environment. The Property is located directly on Sunrise Blvd, a predominant east-west corridor in Fort Lauderdale that runs from the ocean all the way to the Everglades, and has direct connectivity to all major highways and interstates in the area, including Interstate 95, the Florida Turnpike and the Sawgrass Expressway. The almost one-acre parcel offers three points of access, and Sunrise Boulevard has traffic counts of nearly 67,000 vehicles per day.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower