Sold Subscription Required
| 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 14.6 | 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 |
| | |
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...
...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
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 6,047 | 25,730 | 63,285 |
| 2024 Total Population : | 5,451 | 23,973 | 59,365 |
| 2024 Employed Civilian Pop : | 3,110 | 11,952 | 30,542 |
| 2024 Total Businesses : | 202 | 1,811 | 2,873 |
| 2024 Average Household Income : | $ 217,718 | $ 219,806 | $ 238,320 |
| 2024 Total Consumer Spending : | $ 363 M | $ 1782 M | $ 4421 M |
| 2024 Median Age : | 40 | 44 | 43 |
| 2024 Total Households : | 1,980 | 9,561 | 21,950 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,026 | 8,245 | 18,307 |
| 2024 Average Home Value : | $ 871,101 | $ 945,005 | $ 960,921 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Highway 71 | Spillman Ranch Loop | 2022 | 39,072 | 0.17 mi |
| W Hwy 71 | Old Burnet Rd S | 2013 | 23,930 | 0.59 mi |
| Hamilton Pool Road | Twin Acres Dr | 2022 | 17,824 | 0.64 mi |
| Bee Cave Parkway | 2015 | 10,823 | 0.74 mi | |
| Tordera Drive | 2015 | 9,864 | 0.96 mi | |
| Vail Divide | 2015 | 2,322 | 1.12 mi | |
| W Hwy 71 | Great Divide Dr | 2005 | 26,000 | 1.16 mi |
| Aria Drive | 2015 | 3,681 | 1.16 mi | |
| Ranch Rd 620 S | Aria Dr | 2005 | 3,530 | 1.20 mi |
| 2015 | 40,331 | 1.22 mi |
Maple Grove, MN
Cap Rate 6.00%
Lease Double NN
R. Term 11.10 yrs
Size/SF 12,789
Sachse, TX
Cap Rate 7.00%
Lease Double NN
R. Term 14.60 yrs
Size/SF 10,000
Raleigh, NC
Cap Rate 6.25%
Lease NN+
R. Term 9.90 yrs
Size/SF 9,996
Wilmington, NC
Cap Rate 6.00%
Lease NN+
R. Term 10.20 yrs
Size/SF 12,355
Windsor, CO
Cap Rate 6.90%
Lease Double NN
R. Term 19.70 yrs
Size/SF 11,000
Greenwood, IN
Cap Rate 6.75%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 12,000
Forney, TX
Cap Rate 6.75%
Lease NN+
R. Term 19.00 yrs
Size/SF 10,000
Fishers, IN
Cap Rate 6.82%
Lease NN+
R. Term 19.00 yrs
Size/SF 10,000
Carmel, IN
Cap Rate 7.00%
Lease Double NN
R. Term 18.90 yrs
Size/SF 10,985
Clemmons, NC
Cap Rate 7.00%
Lease Abs NNN
R. Term 15.60 yrs
Size/SF 12,000
Schaumburg, IL
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 10,500
Huntersville, NC
Cap Rate 6.75%
Lease NN+
R. Term 15.00 yrs
Size/SF 11,040
Hoschton, GA
Cap Rate 7.00%
Lease NN+
R. Term 19.11 yrs
Size/SF 10,000
Las Vegas, NV
Cap Rate 7.00%
Lease NN+
R. Term 18.60 yrs
Size/SF 12,654
Mooresville, NC
Cap Rate 6.75%
Lease NN+
R. Term 15.00 yrs
Size/SF 10,733
Maple Grove, MN
Cap Rate 6.00%
Lease Double NN
R. Term 11.10 yrs
Size/SF 12,789
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
