The Learning Experience

6542 East McKellips Road, Mesa, AZ 85205

$7,295,000

Cap Rate 6.50%

Views: 112 DOM: 321 Updated: 11.08.24 Posted: 01.17.24 Status: Active

Summary

Price $7,295,000	Built/Renov 2023	Tenant The Learning Experience
Cap Rate 6.50%	Lease Type NN+	Guarantor Corporate
Size/SF 10,095	Lease Start 05-01-2025	#Units 500
Price/SF $722.63	Expiration 04-30-2045	Tenant Type Daycare/Education
NOI $474,465	R. Term 20.5	Ownership Fee Simple
Rent/SF $47.00	Increases 10.0%/5/yrs	Pop 5Mi 186,500
Lot/AC 1.63	Options 2/5yrs/10%	AHHI 5Mi $102,827

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

Brand-new 2023 construction
Brand-new 20-year lease with 2 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

The Learning Experience is strategically located at the hard corner intersection of E McKellips Rd and N 66th St., with a combined daily traffic count of 49,585 vehicles. Conveniently located just one mile from AZ-202/Red Mountain Hwy, the property sees a daily traffic volume of 67,862 vehicles. The vicinity is enhanced by numerous schools, serving over 15,700 students within a 3-mile radius...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

The Learning Experience Wikipedia Mesa, Arizona Zip Code 85205 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 :	11,119	76,940	183,671
2023 Total Population :	11,142	76,959	183,963
2023 Employed Civilian Pop :	5,279	34,885	80,333
2023 Total Businesses :	312	2,132	4,431
2023 Average Household Income :	$ 117,865	$ 110,921	$ 102,817
2023 Total Consumer Spending :	$ 465 M	$ 3104 M	$ 6918 M
2023 Median Age :	47	49	50
2023 Total Households :	4,557	32,477	77,778
2023 Pop Age 25+: Bachelor's Degree :	1,808	13,086	29,879
2023 Average Home Value :	$ 384,021	$ 404,738	$ 376,129

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East McKellips Road	N 64th St	2017	21,382	0.06 mi
East McKellips Road	N 64th St	2018	19,700	0.15 mi
E McKellips Rd	N 64th St	2015	20,600	0.15 mi
N Bush Hwy	Power Rd	2015	23,300	0.30 mi
Power Rd	E McKellips Rd	2010	22,388	0.30 mi
North Power Road	E Ivyglen St	2018	24,163	0.45 mi
North Power Road	E Ivyglen St	2017	26,225	0.45 mi
N 64th St	E Heather Dr	2014	1,149	0.45 mi
N 64th St	E Ivy St	2014	2,635	0.47 mi
East Hermosa Vista Drive	E Menlo St	2018	806	0.52 mi

Listing Broker

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