Child Care
Second Mile Education | Adjacent to Brand New Mixed Use Development | Orlando FL MSA | 7.25% CAP
4243 S Orlando Dr, Sanford, FL 32773
Listing Price: $2,441,875
Investment Overview
Second Mile Education is a leading provider of Dropout Prevention and Recovery Programming (DPRP), they have a commitment to operating outside of the conventional academic model and going above and beyond in their investment in the success of each student. Second Mile Education operates 27 charter schools across 12 counties with an educational model built on three pillars of being flexible, personalized, and supportive.
Sanford, Florida, is the historic county seat of Seminole County, located on the southern shore of Lake Monroe about 20 miles northeast of Orlando and is home to approximately 66,000 residents. Sanford is home to Seminole State College of Florida and the Central Florida Zoo and Botanical Gardens.
Second Mile Education | Adjacent to Brand New Mixed Use Development | Orlando FL MSA | 7.25% CAP
Investment Highlights
- Over Nine Years Remaining on Primary Lease Term
- Ten Percent Rental Increases Every Five Years With Multiple Renewal Options
- The Tenant Recently Renewed Its Charter Contract With Seminole County Public Schools Through 6/30/2031
- Corporate Guaranty by Second Mile Education
- New Roof Installed in 2022
- All AC Units Have Recently Been Replaced
- Less Than One Mile from Seminole County Five Points Government Complex and Seminole State College - Sanford/Lake Mary Campus (Approximately 8,425 Students)
- More Than 164,000 Residents Within a Five-Mile Radius
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Financing By
Child Care
Second Mile Education | Adjacent to Brand New Mixed Use Development | Orlando FL MSA | 7.25% CAP
Listing Price: $2,441,875
Investment Highlights
- Over Nine Years Remaining on Primary Lease Term
- Ten Percent Rental Increases Every Five Years With Multiple Renewal Options
- The Tenant Recently Renewed Its Charter Contract With Seminole County Public Schools Through 6/30/2031
- Corporate Guaranty by Second Mile Education
- New Roof Installed in 2022
- All AC Units Have Recently Been Replaced
- Less Than One Mile from Seminole County Five Points Government Complex and Seminole State College - Sanford/Lake Mary Campus (Approximately 8,425 Students)
- More Than 164,000 Residents Within a Five-Mile Radius
Investment Overview
Second Mile Education is a leading provider of Dropout Prevention and Recovery Programming (DPRP), they have a commitment to operating outside of the conventional academic model and going above and beyond in their investment in the success of each student. Second Mile Education operates 27 charter schools across 12 counties with an educational model built on three pillars of being flexible, personalized, and supportive. Sanford, Florida, is the historic county seat of Seminole County, located on the southern shore of Lake Monroe about 20 miles northeast of Orlando and is home to approximately 66,000 residents. Sanford is home to Seminole State College of Florida and the Central Florida Zoo and Botanical Gardens.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Financing By
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