45690 Us-27Davenport, FL 33897

Property Details for 45690 Us-27

Year built

2023

Lot size

1.25 AC

Property size (Sq ft)

10,000 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

Exceptional investment opportunity: a brand-new, 10,000-square-foot daycare center in Davenport, Florida, boasting a 20-year net lease with a corporate guarantee from The Learning Experience (TLE). This fee-simple property, built in 2023 and situated on a 1.25-acre lot at 45690 US-27, enjoys a prime location with over 57,000 vehicles passing daily. The center opened in April 2024 and achieved record-breaking pre-enrollment, exceeding expectations with 162 students enrolled before opening. The lease features an 8% rent increase every five years, including renewal options (two 5-year options). The current NOI is $383,000, representing a 7.00% cap rate on the $5,470,000 asking price. The property benefits from a strong demographic profile, with a 3-mile average household income of approximately $89,000 and a population exceeding 30,000. TLE, a top-ranked childcare franchise, operates this center, ensuring long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, corporately-backed daycare center with significant upside. The 100% occupancy rate and strong pre-enrollment numbers underscore the property's exceptional market position and future prospects. The lease commenced April 5th, 2024, and expires March 31st, 2044, offering a substantial remaining lease term of approximately 19.4 years.

Location Insight

City

Davenport

County

Polk

State

Florida

Latitude

28.2574

Longitude

-81.6597

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].