For Sale
$4,514,000

16232 Bayberry Glenn DrLithia, FL 33547

High-performing daycare, strong lease, great location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 10,608 square foot daycare center in Lithia, Florida. The property, located at 16232 Bayberry Glenn Dr, 33547, is situated on a 1.47-acre lot and boasts a prime location on Fishhawk Blvd, averaging 28,500 vehicles per day. The Learning Experience daycare operates under a Net Net (NN) lease with 8.4 years remaining (expiring 05/01/2033), featuring 10% rent bumps every 5 years and a single 5-year lease option. Built in 2013 and renovated in 2016, the property generates a strong NOI of $293,425, resulting in a 6.50% cap rate at an asking price of $4,514,000. Its strategic location next to FishHawk Ranch, a neighborhood center anchored by a high-performing Publix supermarket (ranking in the top 74% nationally), ensures a robust consumer base. Further enhancing its appeal is its proximity to numerous single-family residential developments and its position across from Randall Middle School (1,409 students) and Newsome High School (3,034 students). The property offers excellent visibility and multiple access points, making it an attractive and stable investment. The lease commenced on April 1st, 2013, and has a total term of 20.1 years.

Highlights

  • $4,514,000 asking price for a 10,608 SF net-leased daycare center.
  • The Learning Experience daycare occupies the property with a 8.4-year remaining lease term (expiring 5/1/2033).
  • 6.50% cap rate with a $293,425 NOI.
  • Located on high-traffic Fishhawk Blvd (28,500 VPD) in Lithia, FL, adjacent to a high-performing Publix-anchored center within FishHawk Ranch.
  • Strong demographics due to nearby residential developments and proximity to Randall Middle and Newsome High Schools.

Property Details for 16232 Bayberry Glenn Dr

Property type
Day care centers & nurseries, Retail properties
Year Built/Renovated
2013/2016
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Lithia
County
Hillsborough
State
Florida
Latitude
27.8535134
Longitude
-82.2121408
16232 Bayberry Glenn Dr, Lithia, Florida

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16232 Bayberry Glenn Dr
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