For Sale
$6,672,000

10011 Westpark Preserve BlvdTampa, FL 33625

High-growth, 20-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity featuring a 12,100 square foot, state-of-the-art daycare facility located at 10011 Westpark Preserve Blvd, Tampa, FL 33625. This fee-simple property boasts a 20-year absolute triple net (NNN) lease with The Learning Experience and KinderCare Learning Center, commencing June 25, 2023, and expiring June 29, 2043, with three 5-year renewal options. The property sits on a 1.72-acre lot and enjoys 100% occupancy, generating a substantial net operating income (NOI) of $433,676, representing a 6.50% cap rate on the $6,672,000 asking price. Rent increases by 10% every five years provide a strong hedge against inflation. The property benefits from a high-traffic location with excellent visibility, serving an affluent Tampa suburb with an average household income of $90,000. The tenant, Amazing Explorers Academy, is a rapidly expanding national early childhood education center with a proven business model, demonstrating resilience to economic downturns. This investment offers passive ownership, stable cash flow, and significant appreciation potential, further enhanced by the ability to depreciate the building for tax advantages. The property's location within the rapidly growing Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area (MSA) adds to its long-term value. The building was constructed in 2023.

Highlights

  • 20-year absolute NNN lease with Amazing Explorers Academy, a rapidly expanding national early childhood education center.
  • Corporate and personal guarantees from four experienced franchisees (combined net worth exceeding $50 million).
  • Amazing Explorers Academy operates 27 schools and has 25+ under development.
  • High-visibility, state-of-the-art 12,100 SF facility on a 1.72-acre lot with excellent access to 41,000+ vehicles daily.
  • Prime location off Veterans Expressway (63,000+ vehicles daily) in affluent Tampa suburb ($90,000 average household income).
  • Absolute NNN lease provides passive ownership and stable cash flow.

Property Details for 10011 Westpark Preserve Blvd

Property type
Day care centers & nurseries, Lifestyle centers
Square Feet
12,100 SF
Year Built
2023
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0404099
Longitude
-82.55577085
10011 Westpark Preserve Blvd, Tampa, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10011 Westpark Preserve Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message