The Learning Experience

15054 State Highway 71, Bee Cave, TX 78738

$5,905,000

Cap Rate 6.35%

Views: 157 DOM: 139 Updated: 10.17.24 Posted: 06.01.24 Status: Active

Summary

Price $5,905,000	Built/Renov 2024	Tenant The Learning Experience
Cap Rate 6.35%	Lease Type NN+	Guarantor Corporate
Size/SF 10,000	Lease Start 07-01-2024	#Units 500
Price/SF $590.50	Expiration 06-30-2039	Tenant Type Daycare/Education
NOI $375,000	R. Term 14.8	Ownership Fee Simple
Rent/SF $37.50	Increases 12.0%/5/yrs	Pop 5Mi 59,150
Lot/AC 2.00	Options 2/5yrs/12%	AHHI 5Mi $209,706

Lease Highlights

Brand-new 2024 construction
Brand-new 15-year lease with 2 (5-year) options to extend
The lease features 12% rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure | 15-yr transferable roof warranty
Corporate guaranteed lease

Location Description

The Learning Experience is strategically located on State Highway 71, with access to 23,930 vehicles passing by daily. The property is surrounded by several schools, including Lake Travis High School, Bee Cave Middle School, and Bee Cave Elementary School, with a total enrollment of 5,300 students. The immediate area features several well-known national tenants, including Domino's, The UPS...

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Key Features

New construction
Roof guarantee
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Over 500 units backed

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Links

The Learning Experience Wikipedia Bee Cave, Texas Zip Code 78738 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Learning Experience
Guarantor:Corporate
Company:Golden Gate Capital
# Units:500
Stock:Private

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

Eric Carlton

Colliers NNN Group

Contact

176 Listings
21276 Views
60 Sold

Jereme Snyder

Colliers NNN Group

Contact

164 Listings
19824 Views
56 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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