Sold Subscription Required
| Price $5,600,000 $5,750,000 | Built/Renov 2022 | Tenant The Learning Experience |
| Cap Rate 6.96% 6.78% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
10,000
| Lease Start
10-01-2022
| #Units
340
|
| Price/SF $560.00 $575.00 | Expiration
09-30-2037
| Tenant Type Daycare/Education |
| NOI $390,000 | R. Term 12.9 | Ownership Fee Simple |
| Rent/SF
$39.00
| Increases 8.0%/5/yrs | Pop 5Mi 120,500 |
| Lot/AC 1.19 | Options 2/5yrs/8% | AHHI 5Mi $87,900 |
| | |
The Learning Experience is positioned on a large 1.19-acre lot on E Lake Mead Drive with clear visibility and access to more than 18,000 vehicles passing by daily. The site is adjacent to CVS and Sonic and across from the brand-new Lennar housing development, Heritage at Cadence, which features 980 attached and single-family homes, providing a direct consumer base from which to draw. Located...
...New construction
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Business growth area
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Corporate Guarantee
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 | |
| 2027 Total Population : | 7,777 | 46,648 | 127,680 |
| 2022 Total Population : | 7,369 | 45,144 | 124,167 |
| 2022 Employed Civilian Pop : | 2,979 | 18,902 | 56,723 |
| 2022 Total Businesses : | 82 | 664 | 2,947 |
| 2022 Average Household Income : | $ 137,706 | $ 108,205 | $ 102,620 |
| 2022 Total Consumer Spending : | $ 339 M | $ 1590 M | $ 4192 M |
| 2022 Median Age : | 42 | 38 | 38 |
| 2022 Total Households : | 2,882 | 17,081 | 47,457 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,099 | 4,932 | 13,578 |
| 2022 Average Home Value : | $ 473,065 | $ 390,813 | $ 366,794 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Olsen St | E Lake Mead Pkwy | 2017 | 1,900 | 0.14 mi |
| Olsen Street | Keokuck St | 2019 | 2,200 | 0.25 mi |
| N Racetrack Rd | Racetrack Rd | 2008 | 2,700 | 0.61 mi |
| Essex Avenue | Essex | 2019 | 280 | 0.64 mi |
| Mohawk Dr | E Lake Mead Pkwy | 2002 | 860 | 0.81 mi |
| Olsen St | Calico Ridge Dr | 2017 | 4,200 | 0.83 mi |
| E Lake Mead Pkwy | Mohawk Dr | 2017 | 18,000 | 0.87 mi |
| Galleria Drive | Calico Ridge Dr | 2019 | 6,000 | 0.88 mi |
| Galleria Drive | Mowhawk Dr | 2019 | 11,300 | 0.91 mi |
| Lake Mead Parkway | E Lake Mead Pkwy | 2019 | 19,200 | 0.92 mi |
Maple Grove, MN
Cap Rate 6.00%
Lease Double NN
R. Term 11.10 yrs
Size/SF 12,789
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
Sachse, TX
Cap Rate 7.00%
Lease Double NN
R. Term 14.60 yrs
Size/SF 10,000
Clemmons, NC
Cap Rate 7.00%
Lease Abs NNN
R. Term 15.60 yrs
Size/SF 12,000
Raleigh, NC
Cap Rate 6.25%
Lease NN+
R. Term 9.90 yrs
Size/SF 9,996
Hoschton, GA
Cap Rate 7.00%
Lease NN+
R. Term 19.11 yrs
Size/SF 10,000
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
Pearland, TX
Cap Rate 7.50%
Lease Abs NNN
R. Term 13.11 yrs
Size/SF 15,832
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
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
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
