The Learning Experience

301 West Black Road, Shorewood, IL 60404

$5,113,928

Cap Rate 7.00%

Views: 8 DOM: 8 Updated: 11.13.24 Posted: 11.13.24 Status: Active

Summary

Price $5,113,928	Built/Renov 2019	Tenant The Learning Experience
Cap Rate 7.00%	Lease Type NN+	Guarantor Corporate
Size/SF 10,000	Lease Start 09-25-2019	#Units 500
Price/SF $511.39	Expiration 11-30-2034	Tenant Type Daycare/Education
NOI $357,975	R. Term 10.0	Ownership Fee Simple
Rent/SF $35.80	Increases 11.0%/5/yrs	Pop 5Mi 152,954
Lot/AC 1.55	Options 2/5yrs/11%	AHHI 5Mi $120,967

Lease Highlights

10 years remaining on its current lease term with 2 (5-year) renewal options
The lease features 11% rental increases every 5 years
Favorable NN+ lease | Landlord responsibilities limited to roof & structure
Corporate guaranteed lease

Location Description

The Learning Experience is strategically located along Black Road, which sees approximately 23,624 vehicles daily. Positioned on a 1.55-acre lot, it is surrounded by large suburban neighborhoods and numerous key employers. Nearby established retailers include Home Depot, O'Reilly Auto Parts, Marshalls, Walmart, CVS, Target, Orange Theory, Speedway, Wendy's, McDonald's, Taco Bell, Jimmy John's,...

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Key Features

Near major nationals
Strategically located
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee

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Links

The Learning Experience Wikipedia Shorewood, Illinois Zip Code 60404 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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Listing Broker

Andrew Gilbert

Sands Investment Group

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14 Listings
1472 Views
2 Sold

Chris Sands

Sands Investment Group

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10 Listings
1209 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
2719 Views
4 Sold

Ryan Sompayrac

Sands Investment Group

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11 Listings
1222 Views
3 Sold

Clifton McCrory

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Ryan Sompayrac

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