The Learning Experience

16604 Old Statesville Road, Huntersville, NC 28078

$5,500,000

Cap Rate 6.75%

Views: 31 DOM: 65 Updated: 11.11.24 Posted: 09.17.24 Status: Active

Summary

Price $5,500,000	Built/Renov 2013	Tenant The Learning Experience
Cap Rate 6.75%	Lease Type NN+	Guarantor Corporate
Size/SF 11,040	Lease Start 12-01-2024	#Units 500
Price/SF $498.19	Expiration 11-30-2039	Tenant Type Daycare/Education
NOI $371,250	R. Term 15.0	Ownership Fee Simple
Rent/SF $33.63	Increases 2.0%/1/yrs	Pop 5Mi 110,819
Lot/AC 1.33	Options 4/5yrs/2%	AHHI 5Mi $162,043

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 Old Statesville Road, with access to 20,000 vehicles passing by daily. The property is surrounded by over 10 feeder elementary schools and prominent national tenants, including Aldi, Food Lion, H&R Block, Advance Auto Parts, and more. The 5-mile trade area serves a population of 110,819 residents, with an affluent average household income of...

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Key Features

Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

The Learning Experience Wikipedia Huntersville, North Carolina Zip Code 28078 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
1466 Views
2 Sold

Chris Sands

Sands Investment Group

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10 Listings
1203 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
2704 Views
4 Sold

Ryan Sompayrac

Sands Investment Group

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11 Listings
1218 Views
3 Sold

Clifton McCrory

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Ryan Sompayrac

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