2358 Gunn Hwy - Day Care Center FOR SALE


Odessa, FL 33556
$5,690,000 USD
727-452-6864
2358 Gunn Hwy, Odessa, FL for Sale
$5,690,000 USD
Day Care Center - FOR SALE
1/12
null | 6.5% Cap Rate

2358 Gunn Hwy
Odessa, FL 33556


HIGHLIGHTS

  • The property is located in Odessa, FL (Tampa Bay MSA), one of the fastest growing submarkets in the country.
  • The center is located less than 1 mile from Odessa Elementary School, an A-Rated school for 11 of the past 12 years with nearly 1,000 students enrolle
  • 28,128 population within a 3-mile radius
  • $160,503 average household income within a 3-mile radius
  • The Learning Experience recently signed a new, 17-year lease with two (2) 5-year options to extend.
  • The Learning Experience has a NN+ lease, where the tenant reimburses for CAM expenses, taxes, and property insurance.

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 2358 Gunn Highway which is a 10,005 SF commercial property located on the eastside of Gunn Highway in Odessa, FL. The property was recently constructed as a part of a Master Planned Unit Development. The building is currently leased to The Learning Experience, an academy of early education and a national franchise who has 16.5 years of term remaining on a NN+ Lease with 12% increases each year and two (2) 5-year options. The Learning Experience is one of the nation’s largest and fastest-growing academies of early education for children 6 weeks to 5 years old. The property is in Odessa, FL which is one of the fastest growing submarkets in the country. The submarket is experiencing a significant increase in both residential and commercial developments. Within a five-mile radius of the property are over 18 residential developments consisting of 28,768 homes and continuing to expand. A newly constructed Lowe’s sits directly across Gunn Highway from the property. Additionally, the neighboring retail center, which spans approximately 20,000 SF is fully occupied. This stretch of Gunn Highway where the property is located has an AADT of 18,500. Within 3 miles of 2358 Gunn Highway, there is a population of 28,318 and an average household income of $160,503. The asset would be an attractive investment opportunity for investors looking for minimal landlord responsibilities, a newly constructed commercial property, occupied by a national tenant, and located in a state with no state income tax.

FOR SALE DETAILS

PRICE

$5,690,000 USD

PRICE/SF

$569 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MPUD

APN/PARCEL ID

27-26-17-0000-00300-0010

ASK ABOUT THIS PROPERTY

Ari RaviRipco Real EstateMore Info
727-452-6864

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Ari RaviRipco Real EstateMore Info
727-452-6864

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