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La Petite Academy 842 SW Glenview Ct

6,101 SF Retail Building Port Saint Lucie, FL 34953 £1,195,800 (£196/SF) 5.98% Net Initial Yield

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Investment Highlights

Existing tenant signed 10 year lease extension with rent bump after 5 years plus optional 5 year extension with rent bump after 10 years

Executive Summary

Triple net investment lot and building for sale on the Treasure Coast in Port Saint Lucie. Located on Glenview Court, just off Port St. Lucie Blvd., west of the Florida Turnpike. Glenview Court is an attractive cul-du-sac with the school, a house of worship, an office building and two vacant lots. This lot is almost 3/4 of an acre with a 5,354 sq. ft. concrete block school building constructed in 1988. Original lease dates to 1989 has been amended and made current. A new 10 year lease extension beginning in 2025 has just been signed. Building is maintained at tenant's expense. Taxes and insurance paid by tenant making this a true triple net lease, according to owner. Tenant operates schools throughout Florida and the country.

NEW - Sale Brochure

NDA

Property Facts Under Contract

Sale Type

Investment NNN

Sale Condition

Portfolio Sale

Property Type

Retail

Property Subtype

Retail

Building Size

6,101 SF

Building Class

Year Built

1988

Price

£1,195,800

Price Per SF

£196

Net Initial Yield

5.98%

NOI

£71,549

Tenancy

Single

Number of Floors

Building FAR

0.19

Lot Size

0.74 AC

Zoning

NEIGHBORHO - Neighborhood Commercial

Parking

21 Spaces (3.44 Spaces per 1,000 SF Leased)

Frontage

51 ft on Southwest Glenview Court

Amenities

Air Conditioning

Health Care and Social Assistance
99,999 SF
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At La Petite Academy, children experience all the joys of childhood while forming strong social and educational foundations. Children learn to respect one another and to work together as they have fun. Here, they discover the joy of learning. As a STEM educator, science, technology, engineering, and math are integrated into everything they do in the classroom. Petite Academy's collaborative, nurturing classrooms offer programs that range from infant care to school-age clubs. Discover the joy of learning. Discover La Petite Academy.