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Views: 137 DOM: 51 Updated: 10.21.24 Posted: 10.01.24 Status: Active

Summary

Price $6,925,000
Built/Renov 2024
Tenant The Learning Experience
Cap Rate 6.35%
Lease Type NN+
Guarantor Corporate
Size/SF 9,685
Lease Start 07-15-2024
#Units 500
Price/SF $715.02
Expiration 07-31-2039
Tenant Type Daycare/Education
NOI $440,000
R. Term 14.8
Ownership Fee Simple
Rent/SF $45.43
Increases 12.0%/5/yrs
Pop 5Mi 160,378
Lot/AC 2.09
Options 2/5yrs/12%
AHHI 5Mi $125,502

Lease Highlights

  • Brand new 2024 construction | Opening scheduled Q4
  • New 15-year lease with 2 (5-year) options to extend
  • The lease features 12% rental increases every 5 years
  • Favorable NN+ lease with landlord responsible for roof & structure | Includes 15-yr transferable roof warranty
  • Corporate guaranteed lease

Location Description

The Learning Experience is strategically located at the signalized, hard corner intersection of Cooper Road and Reed Hartman Highway, with access to a combined daily traffic count of 26,300 vehicles. The property is surrounded by several schools, including the University of Cincinnati—Blue Ash College, Sycamore Junior High School, EH Green Middle School, Ursuline Academy, among others. Nearby...

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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 nationwide. TLE is one of America’s fastest-growing...


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Listing Broker

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