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.