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    3245 Executive Dr Clearwater, FL 33762

    Sponsored
    For Sale
    $3,850,000

    6,300 SF NNN Leased Daycare, Clearwater, FL

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a ±6,300 square foot, single-tenant, absolute NNN leased daycare center in Clearwater, Florida. Located at 3245 Executive Dr, Clearwater, FL 33762, this property boasts a strong 6.42% cap rate and a substantial remaining lease term of approximately 8.8 years, expiring August 31, 2033, with two 5-year renewal options. The tenant, an established early childhood academic operator, occupies the entire building, currently operating at 100% occupancy since September 1, 2022. The lease includes annual rent bumps of 3%, ensuring consistent income growth. Built in 1988 and extensively renovated in 2022, the property sits on a 0.61-acre lot with 18 parking spaces and benefits from a prime location in a high-growth area, across from Raymond James' Global HQ, and near major roadways including I-275. The property's zoning is Commercial Corridor (CCS-1). The Net Operating Income (NOI) is $247,296, and the asking price is $3,850,000, resulting in a price per square foot of $611.11. This is a truly passive investment opportunity with strong underlying real estate fundamentals and a proven, locally-based operator. The property's strategic location within a dense residential and professional community in a rapidly growing MSA makes it an ideal investment for long-term growth and stability.

    Property Features for 3245 Executive Dr

    General Information

    Property type
    Day care centers
    Square Feet
    6,300 SF
    Lot Size
    26,572 SF

    Building Details

    Year Built/Renovated
    1988/2022
    Buildings
    1
    Stories
    1

    HighLights

    • Prime I‑275 location, near St. Pete‑Clearwater International Airport, at high‑traffic Ulmerton & Roosevelt Blvd intersection, offering easy access to Clearwater, Tampa, and St. Petersburg.
    • Absolute NNN lease with a local, established operator; no landlord responsibilities.
    • Situated in a thriving area with strong residential, office, and retail presence.
    • High demand location operating at full capacity with a waiting list.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor View Creative ... Day Care Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.677686463326
    Latitude
    27.894611582129

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    FAQs

    What type of property is this?
    Day care center - 6,300 SF NNN Leased Daycare, Clearwater, FL
    Where is this day care center located?
    The property is located at 3245 Executive Dr Clearwater, FL.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: Prime I-275 location, near St. Pete-Clearwater International Airport, at high-traffic Ulmerton & Roosevelt Blvd intersection, offering easy access to Clearwater, Tampa, and St. Petersburg.; Absolute NNN lease with a local, established operator; no landlord responsibilities.; Situated in a thriving area with strong residential, office, and retail presence.
    (305) 783-8890
    Request Owner's contact information
    3245 Executive Dr Clearwater, FL 33762
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    Clearwater, FL 33762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3245 Executive Dr Clearwater, FL 33762
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