The Learning Experience

8930 Liberty Rd N, Powell, OH 43065

$5,238,000

Cap Rate 6.30%

$5,238,000

Cap Rate 6.30%

Views: 62 DOM: 61 Updated: 05.05.23 Posted: 09.08.22 Status: Sold 11.08.22

Summary

Price $5,238,000 $5,238,000	Built/Renov 2022	Tenant The Learning Experience
Cap Rate 6.30% 6.30%	Lease Type NN+	Guarantor Corporate
Size/SF 10,000	Lease Start 01-07-2022	#Units 306
Price/SF $523.80 $523.80	Expiration 01-06-2037	Tenant Type Daycare/Education
NOI $329,994	R. Term 12.0	Ownership Fee Simple
Rent/SF $33.00	Increases 10.0%/5/yrs	Pop 5Mi 136,454
Lot/AC 2.19	Options 2/5yrs/12%	AHHI 5Mi $153,215

Lease Highlights

Brand new 2022 construction– 15 year net lease
12% increases every 5 years, including options (2-5 year options)
Lease is corporate guaranteed ($750,000 Limit)
Lease is guaranteed with a $750,000 limit and reduces by $100,000 annually

Location Description

The Learning Experience is strategically positioned at the signalized hard corner intersection in one of the United States’ most affluent communities. Other nearby national/credit tenants include Starbucks, The Home Depot, Walgreens Pharmacy, McDonald’s and Kroger to name a few. The 5-mile trade area is supported by more than 136,454 residents and 56,215 daytime employees. Powell, Ohio is home...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Near major nationals
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

The Learning Experience Wikipedia Powell, Ohio Zip Code 43065 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Learning Experience
Guarantor:Corporate
Company:Golden Gate Capital
# Units:306
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 fastest...

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Demographics

	1 Miles	3 Miles	5 Miles
2027 Total Population :	8,075	49,979	152,193
2022 Total Population :	7,737	47,156	145,647
2022 Employed Civilian Pop :	3,879	23,857	77,085
2022 Total Businesses :	363	1,259	4,486
2022 Average Household Income :	$ 214,744	$ 191,250	$ 166,888
2022 Total Consumer Spending :	$ 514 M	$ 2629 M	$ 7596 M
2022 Median Age :	40	39	38
2022 Total Households :	2,906	16,568	54,244
2022 Pop Age 25+: Bachelor's Degree :	2,159	13,171	39,783
2022 Average Home Value :	$ 486,196	$ 448,104	$ 404,212

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Liberty Rd N	Fawn Meadow Ct	2014	8,534	0.12 mi
Liberty Rd	Clairedan Dr	2018	6,776	0.13 mi
Seldom Seen Rd	Village PkDr	2014	6,334	0.13 mi
MALLARD LANDING DR	Quail Crossing Blvd	2020	110	0.24 mi
LIBERTY RD	Chenango Dr	2020	8,813	0.25 mi
LIBERTY RD	Grace Dr	2020	6,204	0.37 mi
Seldom Seen Rd	Bunker Ln	2012	7,046	0.37 mi
Liberty Rd	Village PkDr	2014	7,838	0.44 mi
Grace Dr	Liberty Rd	2014	4,651	0.49 mi
Bunker Ln	Revere Ct	2012	2,064	0.52 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
26004 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
24167 Views
59 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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