10011 Westpark Preserve BlvdTampa, FL 33625

Property Details for 10011 Westpark Preserve Blvd

Lot size

1.71 AC

Zone code

PD

Property type

Land

Property subtype

Commercial land

APN

U132817B9U000000000010

APU

U132817B9U000000000010

Description

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.

• 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

Property Tax & Assessments

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].