December 18, 2020 – Todd Tremblay and RJ Tuller of Horvath & Tremblay have successfully completed the sale of KinderCare in Largo, Florida. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,975,000.
KinderCare is located at 3270 East Bay Drive in Largo (Tampa), Florida. The stand-alone building consists of 7,680 square feet on a 0.95-acre parcel. KinderCare has operated at this location for since 1977 and they recently extended their lease term early to secure the property through 2028. KinderCare has an Absolute NNN Lease with a scheduled rent increase in 2026. This facility is unique in the fact that it made KinderCare’s “Essential Center” list, which means it remained open throughout most of the pandemic due to the high demand for childcare by medical workers in the area and the medical sector making up the highest employment sector in the city. The subject property is located on East Bay Drive, a highly traveled retail corridor that boasts over 63,000 vehicles per day. There is a strong mix of national retail tenants on East Bay Drive surrounded by residential, schools, medical facilities, and quick access to US-19, allowing parents to drop off their children on their way to work whether they work locally or commute.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.