Unique investment opportunity in Upper Keys for long term investors or buyers looking for 1031 Exchange property to purchase. Ocean Studies Charter School, a Montessori Island School, is the tenant with a Triple Net (NNN) Lease. Base rent is $204,000/ yr. with tenant paying all expenses. Equals 8.16% cap rate at asking price. Lease is renewed every 5 years with funding from the State. Lot size is .86 Acres or 37,477 sf. There is 2 story building with approx. 6,241 sf. rentable space. CBS building built in 1994 for the school. Ample parking for employees and offloading area for parents & students. Current student count is 106 and expected to grow. Listing shared with another Commercial Real Estate firm in Miami.
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