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| Price $3,128,571 | Built/Renov 2005/2007 | Tenant The Learning Grove Academy |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
17,728
| Lease Start
07-01-2021
| #Units
5
|
| Price/SF $176.48 | Expiration
06-30-2036
| Tenant Type Daycare/Education |
| NOI $219,000 | R. Term 11.7 | Ownership Fee Simple |
| Rent/SF
$12.35
| Increases 1.8%/1/yrs | Pop 5Mi 44,243 |
| Lot/AC 2.11 | Options 2/10yrs/1.75% | AHHI 5Mi $133,523 |
| | |
The Learning Grove Academy is strategically located on Lininger Lane, near West Penn Street, with a daily traffic count of 13,500 vehicles. It is also conveniently close to Interstate 380 (104,467 VPD), improving accessibility and visibility. Adjacent to The Learning Grove Academy, will be a brand-new project, Solomon’s Landing, a $200 million entertainment and housing development which will...
...Build to suit
Dense retail corridor
Near major nationals
Freeway close
Affluent AHHI $100K 5 Mi
Major MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Premier Early Childhood Education (dba The Learning Grove Academy) is a provider of child care and early education services. The Learning Grove Academy operates in small class environments with a...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,657 | 23,477 | 45,732 |
| 2023 Total Population : | 5,367 | 22,606 | 44,243 |
| 2023 Employed Civilian Pop : | 3,143 | 13,329 | 25,647 |
| 2023 Total Businesses : | 177 | 648 | 1,361 |
| 2023 Average Household Income : | $ 133,806 | $ 130,231 | $ 133,523 |
| 2023 Total Consumer Spending : | $ 251 M | $ 987 M | $ 1951 M |
| 2023 Median Age : | 31 | 32 | 34 |
| 2023 Total Households : | 2,172 | 8,754 | 16,926 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,122 | 4,701 | 9,706 |
| 2023 Average Home Value : | $ 312,535 | $ 352,849 | $ 362,991 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Alexander Way | Nick Dr | 2007 | 369 | 0.19 mi |
| Penn Ct | Venice Ln | 2007 | 151 | 0.31 mi |
| West Penn Street | Cameron Way | 2022 | 14,000 | 0.39 mi |
| 240th St NE | Goose Lake Cir | 2014 | 830 | 0.39 mi |
| Kansas Ave | Penn Ct | 2011 | 2,433 | 0.42 mi |
| W Penn St | Kansas Ave | 2010 | 13,500 | 0.43 mi |
| W Penn St | N Jones Blvd | 2010 | 13,453 | 0.55 mi |
| Kansas Ave | Alydar Dr | 2007 | 289 | 0.57 mi |
| 250TH ST TO I 380 | 250th St | 2020 | 1,436 | 0.58 mi |
| W Penn St | I- 380 | 2007 | 9,765 | 0.62 mi |
Andover, MN
Cap Rate 6.75%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 8,540
Chandler, AZ
Cap Rate 6.75%
Lease Abs NNN
R. Term 12.90 yrs
Size/SF 7,460
Myrtle Beach, SC
Cap Rate 6.50%
Lease NN+
R. Term 10.10 yrs
Size/SF 10,100
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
