For Sale
$4,843,000

11217 San Jose BlvdJacksonville, FL 32223

14,356 SF Daycare, 10+ year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 14,356-square-foot daycare center in Jacksonville, Florida, leased to O2B Kids, a nationally accredited early childhood education provider with 59 locations across five states. The property sits on a 1.94-acre lot and features 74 parking spaces. Built in 1991 and renovated in 2020, the single-story building is situated in a high-growth area of Jacksonville. The absolute NNN lease boasts a remaining term of over 10.8 years, with four 5-year renewal options. Annual rent increases are the lesser of 1.25x CPI or 2.0%, ensuring consistent NOI growth. The current lease commenced December 18, 2020, and expires August 31, 2035. The property's Net Operating Income (NOI) is $302,709, resulting in a 6.25% cap rate. The asking price is $4,843,000, translating to a price per square foot of $337.35. The property is zoned CCG-1 and has a 100% occupancy rate since its occupancy date of December 18, 2020. This fee-simple ownership offers a secure, long-term investment with a strong corporate tenant and significant upside potential. The property's location in a thriving Jacksonville neighborhood, combined with the tenant's proven track record and expansion plans, makes this a compelling investment opportunity.

Highlights

  • 11+ Year Absolute Triple Net (NNN) Corporate Lease.
  • $353/SF Cost Basis; 1.94-Acre Lot.
  • Absolute Triple Net (NNN) Lease with Annual Rent Increases.
  • Affluent, High-Growth Jacksonville Location with Dual-Income Households.
  • Strong Demand for Private Early Education & Preschool.
  • National Early Childhood Education Network Tenant (59 Locations) with Strategic Growth Plans.

Property Details for 11217 San Jose Blvd

Property type
Day care centers & nurseries, Retail properties
Square Feet
14,356 SF
Year Built/Renovated
1991/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
84,506 SF
Units
1

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.170898468266
Longitude
-81.629011511374
11217 San Jose Blvd, Jacksonville, Florida

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11217 San Jose Blvd
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