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Kid City USA 10274 N Sherman Ave 3,731 SF Retail Building Glen Saint Mary, FL 32040 $1,585,975 CAD ($425.08 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Long-Term Absolute NNN Lease With Corporate Guarantee
- Absolute NNN lease structure with zero landlord responsibilities.
- Built-In Rent Growth
- Over 13 years remaining on original lease term with two 5-year renewal options, providing long-term stability and predictable cash flow.
- Full corporate guarantee for entire lease term
- The lease features 2.00% annual rent escalations, delivering steady income growth and a strong hedge against inflation.
Executive Summary
The lease structure is absolute NNN, requiring zero landlord responsibilities, and is backed by a full corporate guarantee. With over 13 years remaining on the original term and two additional 5-year renewal options, investors benefit from stable, predictable cash flow. The lease includes 2% annual rent escalations, providing consistent income growth and a hedge against inflation.
Strategically located just off U.S. Highway 90 and minutes from I-10, the property offers excellent connectivity to Jacksonville’s rapidly expanding metro area. The surrounding community features strong demographics, established neighborhoods, and proximity to multiple schools, creating consistent demand for childcare services. Florida’s income tax-free status further enhances net returns for investors.
This is an ideal opportunity for investors seeking a secure, long-term asset with a strong national tenant in a growing market.
Property Facts
Amenities
- Fenced Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
Kid City s'engage à offrir des services exceptionnels de garde d'enfants et d'éducation de la petite enfance dans un environnement familial. Kid City est un endroit où les enfants peuvent « être des enfants ». Ils s'engagent à offrir aux familles un environnement sécuritaire, sain et structuré, rempli d'amour et d'encouragement. Leur programme travaille avec diligence pour développer le développement social, émotionnel, cognitif, physique et du caractère de chaque enfant. Ils respectent le caractère unique des coutumes et des croyances de chaque famille. Kid City ne fait aucune discrimination à l'égard de quiconque (enfant ou adulte, membre du personnel ou parent) en raison du sexe, de l'âge, de la religion, de l'origine naturelle, de la race, de l'état matrimonial, de la déficience physique ou mentale ou du statut d'ancien combattant. Ils appliquent une politique de porte ouverte et encouragent les parents à participer activement au processus d'apprentissage et de développement de leurs enfants.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Triple Net | - |
Property Taxes
| Parcel Number | 36-2S-21-0051-0037-0100 | Improvements Assessment | $271,897 CAD |
| Land Assessment | $94,260 CAD | Total Assessment | $366,157 CAD |
Property Taxes
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Kid City USA | 10274 N Sherman Ave
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