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Views: 100 DOM: 222 Updated: 08.28.24 Posted: 05.13.24 Status: Active

Summary

Price $5,571,000
Built/Renov 2024
Tenant The Learning Experience
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,000
Lease Start 03-01-2024
#Units 340
Price/SF $557.10
Expiration 02-28-2039
Tenant Type Daycare/Education
NOI $390,000
R. Term 14.2
Ownership Fee Simple
Rent/SF $39.00
Increases 10.0%/5/yrs
Pop 5Mi 194,000
Lot/AC 1.40
Options 2/5yrs/10%
AHHI 5Mi $140,771

Lease Highlights

  • Brand new 2024 construction
  • The Learning Experience recently executed a brand new 15-year lease with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

The Learning Experience is strategically located on State Hwy 78, with access to 35,000 vehicles passing by daily. The property is adjacent to future developments and in immediate proximity to well-known national retailers including Walmart, Starbucks, Jake's Hamburgers, Jersey Mike's, 7-Eleven, Sherman Williams, and more. The 5-mile trade area is supported by a population of 194,000 residents...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,174 92,456 203,578
2024 Total Population : 11,629 87,440 194,739
2024 Employed Civilian Pop : 5,992 47,493 105,546
2024 Total Businesses : 232 2,055 3,939
2024 Average Household Income : $ 168,906 $ 155,931 $ 158,378
2024 Total Consumer Spending : $ 581 M $ 3776 M $ 8631 M
2024 Median Age : 37 37 38
2024 Total Households : 3,987 27,994 63,079
2024 Pop Age 25+: Bachelor's Degree : 3,105 17,233 39,820
2024 Average Home Value : $ 481,760 $ 456,117 $ 478,767
*ESRI data is presented for informational purposes only

Listing Broker

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