10011 Westpark Preserve BlvdTampa, FL 33625
Amazing Explorers Academy
Asset ClassRetail
Cap Rate6.5%
Amazing Explorers Academy | 6.50% CAP | Tampa, FL
Overview
- Rare 20-Year Absolute Net lease with Amazing Explorers Academy, one of the fastest-growing early childhood education centers in the nation
- Corporate guarantee as well as personal guarantees from 4 experienced franchisees including the founders and franchisors (combined net worth of $50+ million, ownership in all Amazing Explorer locations, Wharton business graduates)
- Amazing Explorers Academy currently operates 27 schools in Florida, Texas, North Carolina, and New York and has 25+ locations in development
- High-profile, state-of-the-art facility with full access and excellent visibility to 41,000 cars per day along Linebaugh Avenue
- Super-regional location immediately off of Veterans Expressway (63,000 cars per day) in an affluent Tampa suburb ($90,000 AHHI)
- Absolute Net Lease provides completely passive ownership and stable cash flow
- 10% rent increases every 5 years provide a hedge against inflation and a 7.54% average return over the initial lease term
- Fee simple ownership allows for depreciation of the building boosting after-tax returns
- E-commerce, recession, and Covid-19 resistant business model preschools deemed essential during the pandemic in Florida
- Early childhood education is a $58 billion industry with annual enrollment projected to grow by 4% due to the increasing percentage of dual-income families
- From 2016 - 2021 the Tampa-St. Petersburg-Clearwater MSA's population grew by 5.6% to over 3.2 million people, ranking it as one of the fastest-growing large MSAs in the Country
- Florida has no state income tax and in 2022 ranked as the fastest-growing state in the US with nearly 10,000 people moving to the Sunshine State every week
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10011 Westpark Preserve BlvdTampa, FL 33625
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Listing provided by Revere CRE