The Learning Experience

2605 Research Park Drive, Fitchburg, WI 53711

$5,960,000

Cap Rate 7.30%

Views: 108 DOM: 110 Updated: 10.25.24 Posted: 09.11.24 Status: Active

Summary

Price $5,960,000	Built/Renov 2024	Tenant The Learning Experience
Cap Rate 7.30%	Lease Type NN+	Guarantor Corporate
Size/SF 10,000	Lease Start 09-01-2024	#Units 500
Price/SF $596.00	Expiration 08-31-2044	Tenant Type Daycare/Education
NOI $435,000	R. Term 19.8	Ownership Fee Simple
Rent/SF $43.50	Increases 11.0%/5/yrs	Pop 5Mi 112,649
Lot/AC 1.75	Options 2/5yrs/11%	AHHI 5Mi $129,442

Lease Highlights

Brand new construction | Opened April 2024
New 20-year lease with 2 (5-year) options to extend
The lease features 11% rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof & structure | 20 yr roof warranty included
Corporate guaranteed lease

Location Description

The Learning Experience is strategically located at the signalized, hard corner intersection of Nobel Drive and Research Park Drive, with access to a combined daily traffic count of 14,300 vehicles. The property includes 5,000 SF of play area, 40 parking spaces, and multiple ingress/egress points. The immediate area features prominent national retailers such as Target, AMC Theaters, Aldi,...

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Key Features

New construction
Signalized intersection
Roof guarantee
Dense retail corridor
Strategically located
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Corporate Guarantee

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Links

The Learning Experience Wikipedia Fitchburg, Wisconsin Zip Code 53711 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

Eric Carlton

Colliers NNN Group

Contact

180 Listings
26219 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
24366 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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