10011 Westpark Preserve Blvd Tampa, FL 33625-3704

Property Details for 10011 Westpark Preserve Blvd

Lot size

1.71 lot acres

Zone code

PD

Property type

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.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.5556

Latitude

28.0408

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments