214 Hallandale Bch Blvd Hallandale Beach, FL 33009
- Day care centers
- 19,968 SF
- 1.58 lot acres
Current Use by Public Records
- Day care centers
Property Details for 214 Hallandale Bch Blvd
- Year built
- 1956
- Lot size
- 1.58 lot acres
- Property size
- 19,968 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 19,968-square-foot daycare center in Hallandale Beach, Florida, operating under a 20.3-year net lease with Guidepost Montessori, the largest Montessori operator in the US. The lease, commencing May 10, 2023, and expiring August 31, 2043, features a corporate guarantee from Higher Ground Education, Guidepost's parent company, ensuring financial stability. The property boasts a 7% cap rate and a strong net operating income (NOI) of $992,256. Rent increases are built-in at 2% annually, providing consistent growth. The property sits on a 1.58-acre lot and underwent renovations in 2023/2024. Located at 214 E Hallandale Beach Blvd, 33009, this strategically positioned asset benefits from its proximity to Gulfstream Park, a premier entertainment hub, and is surrounded by a densely populated residential area with numerous national retailers nearby. The property's current occupancy is 100%, and the asking price is $14,175,086, translating to a price per square foot of $709.89. The building was originally constructed in 1956. Lease options include 4 and 5-year extensions. This investment offers significant potential for long-term appreciation in a rapidly developing area with over $1 billion in ongoing developments.
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
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1461
- Latitude
- 25.9853
