The Learning Experience

8101 Target Side Drive, Raleigh, NC 27616

$5,360,000

Cap Rate 6.25%

Views: 167 DOM: 680 Updated: 10.06.24 Posted: 02.10.23 Status: Active

Summary

Price $5,360,000	Built/Renov 2019	Tenant The Learning Experience
Cap Rate 6.25%	Lease Type NN+	Guarantor Corporate
Size/SF 9,996	Lease Start 07-16-2019	#Units 500
Price/SF $536.21	Expiration 07-15-2034	Tenant Type Daycare/Education
NOI $335,000	R. Term 9.6	Ownership Fee Simple
Rent/SF $33.51	Increases 12.0%/1/yrs	Pop 5Mi 181,335
Lot/AC 1.70	Options 2/5yrs/12%	AHHI 5Mi $93,920

Lease Highlights

Premier location dense bedroom community
The Learning Experience has over 9 years remaining on its current lease with 2 (5-year) options to extend
Lease features 12% rental increases every 5 years throughout the initial term and at each option period
Corporate guarantee by Golden Gate Capital
By 2026 total spending on Day Care and Education expected to increase to ~$102.9M (21% increase)

Location Description

The Learning Experience is located along Target Side Drive and Old Wake Forest Road which sees 23,350 vehicles per day and is located in close proximity to Interstate 540 and Highway 1 which sees a combined 117,660 vehicles per day. This dense retail corridor is shadow anchored by Super Walmart, Target, and Raleigh’s preeminent mall - Triangle Town Center. Surrounding tenants also include...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

The Learning Expereince Wikipedia Raleigh, North Carolina Zip Code 27616 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 nationwide. TLE is one of America’s fastest-growing...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	10,780	87,945	196,512
2023 Total Population :	8,968	83,715	186,387
2023 Employed Civilian Pop :	4,632	45,286	102,062
2023 Total Businesses :	369	3,084	10,262
2023 Average Household Income :	$ 75,364	$ 94,596	$ 111,474
2023 Total Consumer Spending :	$ 244 M	$ 2706 M	$ 7337 M
2023 Median Age :	36	35	37
2023 Total Households :	3,785	33,004	76,271
2023 Pop Age 25+: Bachelor's Degree :	2,322	17,451	42,709
2023 Average Home Value :	$ 248,631	$ 320,411	$ 371,763

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Old Wake Forest Rd	Cut Rock Way	2012	9,560	0.04 mi
Fox Rd	Target Side Dr	2012	6,330	0.04 mi
Fox Rd	Old Wake Forest Rd	2012	4,030	0.07 mi
Fox Rd	Bivens Dr	2012	11,520	0.10 mi
Old Wake Forest Rd	Poyner Center Ln	2013	11,830	0.34 mi
Town Drive		2013	3,140	0.36 mi
Target Cir	Poyner Village Pkwy	2013	5,690	0.39 mi
I-540	Fox Rd	2020	59,000	0.40 mi
Northern Wake Expressway	Fox Rd	2019	72,500	0.40 mi
Triangle Town Boulevard		2013	9,170	0.40 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23607 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25388 Views
63 Sold

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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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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