Primrose Schools
Tampa, FL
Key Details
| Price: | $6,967,489 |
|---|---|
| Cap Rate: | 6.65% |
| Annual Rent: | $463,338 |
| Address: | 10301 Cross Creek Boulevard, Tampa, Florida 33647 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/22/2022 |
| Lease Expiration: | 12/22/2042 |
| Lease Term Remaining: | 17.8 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.48 Acres |
| Building Size: | 11,569 SF |
| Year Built: | 2001 |
| Year Renovated: | 2021 |
NNN Pro is pleased to present the exclusive listing for a Primrose Schools located at 10301 Cross Creek Boulevard, Tampa, Florida 33647. The site consists of roughly 11569 rentable square feet of building space on an estimated 1.48-acre parcel of land. This Primrose Schools is subject to a 20-year Triple Net (NNN) lease, which commenced 12/22/2022. The current annual rent is $463,338 and has scheduled increases of 2.00% Annually.
About the Investment
- Long-Term Absolute Triple Net (NNN) Lease | This lease began on 12/22/2022 and has more than 17 years remaining. It is structured as an absolute NNN lease, meaning there are no landlord responsibilities, providing a completely passive investment opportunity for the owner.
- Advantageous Rental Increases | The lease is subject to 2% annual rental increases, driving the NOI to over 40% growth throughout the remaining 17+ years of the lease. This provides a reliable, long-term investment opportunity for any investor.
- This Site is a Top Performer Nationwide | The subject property stands out as one of the top performers among all Primrose Schools nationwide, making it a highly attractive investment opportunity for any investor. Contact listing broker for additional details.
Key Details
| Price: | $6,967,489 |
|---|---|
| Cap Rate: | 6.65% |
| Annual Rent: | $463,338 |
| Address: | 10301 Cross Creek Boulevard, Tampa, Florida 33647 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/22/2022 |
| Lease Expiration: | 12/22/2042 |
| Lease Term Remaining: | 17.8 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.48 Acres |
| Building Size: | 11,569 SF |
| Year Built: | 2001 |
| Year Renovated: | 2021 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Broker of Record
Brian Brockman
Bang Realty-Naples, Inc
License: BK3327646
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.