16232 Bayberry Glenn Dr Lithia, FL 33547
- Day care centers
- 1.47 lot acres
Current Use by Public Records
- Day care centers
Property Details for 16232 Bayberry Glenn Dr
- Year built
- 2013
- Lot size
- 1.47 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,608 square foot daycare center in Lithia, Florida. The property, located at 16232 Bayberry Glenn Dr, 33547, is situated on a 1.47-acre lot and boasts a prime location on Fishhawk Blvd, averaging 28,500 vehicles per day. The Learning Experience daycare operates under a Net Net (NN) lease with 8.4 years remaining (expiring 05/01/2033), featuring 10% rent bumps every 5 years and a single 5-year lease option. Built in 2013 and renovated in 2016, the property generates a strong NOI of $293,425, resulting in a 6.50% cap rate at an asking price of $4,514,000. Its strategic location next to FishHawk Ranch, a neighborhood center anchored by a high-performing Publix supermarket (ranking in the top 74% nationally), ensures a robust consumer base. Further enhancing its appeal is its proximity to numerous single-family residential developments and its position across from Randall Middle School (1,409 students) and Newsome High School (3,034 students). The property offers excellent visibility and multiple access points, making it an attractive and stable investment. The lease commenced on April 1st, 2013, and has a total term of 20.1 years.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lithia
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.2121
- Latitude
- 27.8535
