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Views: 22 DOM: 20 Updated: 04.28.24 Posted: 04.28.24 Status: Active 04.28.24

Summary

Price $6,400,000
Built/Renov 2022
Tenant The Learning Experience
Cap Rate 6.75%
Lease Type NN+
Guarantor Corporate
Size/SF 9,990
Lease Start 10-24-2023
#Units 340
Price/SF $640.64
Expiration 10-31-2039
Tenant Type Daycare/Education
NOI $432,067
R. Term 15.5
Ownership Fee Simple
Rent/SF $43.25
Increases 6.0%/6/yrs
Pop 5Mi 295,525
Lot/AC 0.99
Options 2/5yrs/6%
AHHI 5Mi $101,868

Lease Highlights

  • New 2022 construction
  • Brand-new 16 year lease with 2 (5-year) options to extend
  • Lease features 6% rental increases in Year 6 & Year 11 & at the start of each option period
  • Favorable NN+ with landlord responsibilities limited to structure
  • Corporate guarantee by Golden Gate Capital

Location Description

This newly constructed The Learning Experience is strategically located near the signalized, hard corner intersection of Elk Grove Florin Road and Calvine Road, the busiest retail intersection in Elk Grove which sees over 67,000 vehicles passing daily and just east of Highway 99 which sees 150,000 Vehicles passing daily and allows families in neighboring communities to utilize the subject...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs throughout the country. TLE is one of America’s...


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Listing Broker

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