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Views: 41 DOM: 85 Updated: 10.14.24 Posted: 08.21.24 Status: Active

Summary

Price $6,990,000
Built/Renov 2023
Tenant The Learning Experience
Cap Rate 6.70%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 11,150
Lease Start 11-01-2024
#Units 1
Price/SF $626.91
Expiration 10-31-2044
Tenant Type Daycare/Education
NOI $468,300
R. Term 19.11
Ownership Fee Simple
Rent/SF $42.00
Increases 10.0%/5/yrs
Pop 5Mi 163,006
Lot/AC 0.99
Options 2/5yrs/10%
AHHI 5Mi $148,891

Lease Highlights

  • New 2023 construction
  • The tenant will sign a brand new 20-year lease with 2 (5-year) options to extend at the close of escrow
  • Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • The lease is backed by a guarantee from TLE’s largest franchisee | Contact broker for details

Location Description

The Learning Experience is strategically located near the signalized, hard corner intersection of Dumfries Road and Hastings Drive, a major retail thoroughfare with access to 17,000 vehicles passing by daily. The property is directly across from a shopping center featuring well-known national tenants such as Habitat for Humanity, Domino’s Pizza, and a McDonald’s outparcel. Additionally, it is...

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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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