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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$24,451,282
Hospitality
$22,397,244
Educational
$18,634,244
Medical
$19,275,104
Retail
$28,986,600
Location Insight
City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0408
Longitude
-82.5556
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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