1013 Fl-7Royal Palm Beach, FL 33411

Property Details for 1013 Fl-7

Year built

2001

Lot size

0.24 AC

Property size (Sq ft)

8,840 SF

Property type

Specialty properties

Property subtype

Schools

Description

This exceptional investment opportunity presents a fully occupied, 8,840 square foot preschool in Royal Palm Beach, Florida, part of the West Palm Beach MSA. The property, built in 2001 and situated on a 0.236-acre lot at 1013 FL-7, 33411, boasts a strong 6.30% cap rate and a substantial net operating income (NOI) of $296,204. The property is currently leased to O2B Kids!, a leading provider of early childhood education with a significant presence across multiple states. The lease, a triple-net (NNN) agreement with a corporate guarantee, has a remaining term of over 10 years, extending to November 30, 2034, with a single, 10-year renewal option. Annual rent increases are guaranteed by the greater of 2.5% or the Consumer Price Index (CPI), providing built-in protection against inflation. The asking price is $4,700,000, translating to a price per square foot of $531.67. The property benefits from its high-traffic location on State Road 7 (over 42,500 vehicles per day) and proximity to Okeechobee Boulevard (approximately 59,000 vehicles per day). The surrounding area demonstrates robust demographics, with over 150,000 residents within a five-mile radius and a projected increase in average annual household income to $129,004 by 2028. The area features numerous residential communities and retail establishments, including major national chains, creating a strong and stable market for the preschool. Palm Beach County's significant population and tourism further enhance the property's long-term value. This is a rare opportunity to acquire a high-performing, long-term leased asset in a rapidly growing market.

Location Insight

City

Royal Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7036

Longitude

-80.2033

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].