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Views: 43 DOM: 60 Updated: 11.25.24 Posted: 10.23.24 Status: Active

Summary

Price $5,081,000
Built/Renov 2010/2012
Tenant The Learning Experience
Cap Rate 6.25%
Lease Type Double NN
Guarantor Franchisee
Size/SF 11,100
Lease Start 08-01-2012
#Units 1
Price/SF $457.75
Expiration 08-31-2032
Tenant Type Daycare/Education
NOI $317,552
R. Term 7.8
Ownership Fee Simple
Rent/SF $28.61
Increases 8.0%/5/yrs
Pop 5Mi 118,885
Lot/AC 1.31
Options 1/5yrs/8%
AHHI 5Mi $123,226

Lease Highlights

  • The Learning Experience has been operating in this location since 2012
  • The tenant has 7+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 8% rental increases every 5 years throughout the initial term and at the start of each option period
  • The Lease is signed by Kala Kids, LLC

Location Description

The Learning Experience is strategically located on H E Thomas Jr. Parkway, with access to a robust daily traffic count of 55,000 vehicles. Situated less than a mile west of Interstate 4, which sees 165,500 VPD, the property offers convenient access to the site and surrounding Orlando trade areas. Adjacent to Colonial Town Park, a vibrant lifestyle center, the site is close to notable...

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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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