11217 San Jose Blvd - Day Care Center FOR SALE


Jacksonville, FL 32223
$4,843,000 USD
310-691-1350
11217 San Jose Blvd, Jacksonville, FL for Sale
$4,843,000 USD
Day Care Center - FOR SALE
1/8
null | 6.25% Cap Rate

11217 San Jose Blvd
Jacksonville, FL 32223


HIGHLIGHTS

  • Long-Term 11+ Year Absolute Triple Net (NNN) Corporate Lease
  • Attractive Cost Basis at Less Than $353/SF Situated on Large 1.94 Acre Lot
  • Highly Attractive Absolute Triple Net (NNN) Lease with Corporate Lease and Annual Rent Increases
  • Affluent High-Growth Jacksonville Location Populated by Dual-Income Households
  • Sharp Rise in Attendance in Private Early Education and Preschool
  • Industry Leading Tenant with Strategic Growth Plans: National Early Childhood Education Network with 59 Locations

OVERVIEW

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive investment sale advisors to Seller, are pleased to present the opportunity to acquire a property leased to the corporate entity of O2B Kids (“O2B”) in the rapidly growing and affluent southeastern section of Jacksonville, Florida (the “Property”). Headquartered in Gainesville, Florida, O2B Kids is a nationally accredited early childhood education center operator. O2B’s growth model involves the acquisition and enhancement of established day care centers and early childhood education facilities. Today, O2B has expanded to fifty-nine (59) locations across five states: Florida, Alabama, Georgia, Missouri and Minnesota. With the help of a strategic investment partnership with Spire Capital Partners in 2018, O2B’s portfolio and recent expansion has included the acquisitions of Children of Tomorrow Learning Center, Precious People Learning Center, Discovery Point, and Bright Start Academy. Today, O2B is a leading provider in the state of Florida and serves over 5,000 children annually. Investors in the subject Property will benefit from the opportunity to acquire a 1.94-acre parcel with a 14,356 square foot structure leased to a wholly owned corporate subsidiary, O2B Kids 8 LLC, and guaranteed by the company’s corporate holding entity, O2B Early Education Holding, Inc. The 100% absolute triple net (NNN) lease has over eleven (11) years of firm term remaining with an additional four (4) 5-year optional extensions and carries attractive annual rental increases of 2.00% or 1.25% CPI, whichever is lesser, enabling the landlord to realize healthy NOI growth on an annual basis of the investment period. Additionally, at just $353 PSF at the asking price, the cost basis is attractive relative to replacement cost.

FOR SALE DETAILS

PRICE

$4,843,000 USD

PRICE/SF

$337 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O2B Kids - Absolute NNN Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

CCG-1, Jacksonville

APN/PARCEL ID

156071-0010

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.