The Learning Experience

123 Legacy Village Boulevard, Mooresville, NC 28117

$5,500,000

Cap Rate 6.75%

Views: 146 DOM: 81 Updated: 11.11.24 Posted: 09.13.24 Status: Active

Summary

Price $5,500,000	Built/Renov 2009	Tenant The Learning Experience
Cap Rate 6.75%	Lease Type NN+	Guarantor Corporate
Size/SF 10,733	Lease Start 12-01-2024	#Units 500
Price/SF $512.44	Expiration 11-30-2039	Tenant Type Daycare/Education
NOI $371,250	R. Term 15.0	Ownership Fee Simple
Rent/SF $34.59	Increases 2.0%/1/yrs	Pop 5Mi 94,597
Lot/AC 1.67	Options 4/5yrs/2%	AHHI 5Mi $141,618

Lease Highlights

Brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 2% annual rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

The Learning Experience is strategically located on Legacy Village Boulevard, with access to a daily traffic count of 15,394 vehicles. The property is surrounded by more than 10 feeder elementary schools within a 5-mile radius. The immediate area features prominent national tenants including Lowe's, Hobby Lobby, Costco, Five Below, Dollar Tree, and more. The 5-mile trade area supports a...

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Key Features

Build to suit
Near major nationals
Freeway close
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

The Learning Experience Wikipedia Mooresville, North Carolina Zip Code 28117 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

Andrew Gilbert

Sands Investment Group

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14 Listings
1565 Views
2 Sold

Chris Sands

Sands Investment Group

Contact

10 Listings
1296 Views
2 Sold

Andrew Gilbert

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Chris Sands

In 2010 Chris set out to form Sands Investment Group, a firm that would focus on buying and selling net lease properties. His vision was to lead a highly specialized and knowledgeable company able to provide clients with a level of service unprecedented in the industry. A few short years later, the result is one of the fastest growing and most successful net lease companies in the country, with advisors that are among the most distinguished and sought after in the industry. Born and raised in

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Clifton McCrory

Sands Investment Group

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37 Listings
2964 Views
4 Sold

Ryan Sompayrac

Sands Investment Group

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11 Listings
1284 Views
3 Sold

Clifton McCrory

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Ryan Sompayrac

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