3245 Executive Dr Clearwater, FL 33762-5603

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.