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23203205
23203206

21500 Bulverde Rd, San Antonio, TX 78259

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies
$5,714,000
399 days on market
Updated 41 days ago

The Learning Experience

Details
Property Type Hospitality, Retail (+1)
Sub Type Day Care/Nursery, School
Square Footage 10,000
Cap Rate 7%
NOI $400,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NNN
Lease Term 15
Lease Expiration 03/31/2039
Remaining Term 12.8
Rent Bumps Yes
Lease Options Two, 5-Year
Broker Co-Op Yes
Year Built 2023
Acreage 0.860
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 03/24/2024
Ground Lease No
Ownership Fee Simple

The Learning Experience | San Antonio, TX

Marketing description

Embree Capital Markets Group is pleased to present a premier net lease investment opportunity: a newly constructed The Learning Experience (TLE) preschool located at 21578 Bulverde Blvd., San Antonio, TX 78259. This build-to-suit property offers a 15-year NN lease with a nationally recognized early childhood education provider, featuring 12% rental increases every five years.

The Learning Experience is a leading early childhood education provider with over 300 centers across the United States. The company offers a proprietary L.E.A.P.® (Learning Experience Academic Program) curriculum designed to develop children intellectually, socially, and cognitively through fun, hands-on activities. The Bulverde location serves children aged six weeks to five years and operates Monday through Friday from 6:30 AM to 6:30 PM.

San Antonio is the seventh-largest city in the United States and one of the fastest-growing metropolitan areas in Texas. The property is situated in the 78259 ZIP code, an affluent area with a population of 26,568 as of 2022. The region boasts a high educational attainment rate, with 53.1% of residents holding a bachelor's degree or higher. The area is characterized by a strong middle-class demographic and a robust local economy. The property's strategic location offers convenient access to major highways and is in close proximity to numerous residential communities, shopping centers, and other amenities, making it an ideal location for a childcare facility.

Investment highlights

  • Brand-New Construction: 2024 build-to-suit facility with modern design and amenities.

  • Long-Term Lease: 15-year NNN lease with two 5-year renewal options, providing stable income.

  • Landlord Responsibilities: Landlord responsible for structure.

  • Attractive Rent Escalations: 12% increases every five years enhance cash flow over time.

  • Strong Tenant: Leased to The Learning Experience, a nationally recognized early childhood education provider.

  • Affluent Demographics: Located in a high-income area with a well-educated population

  • Population & Household Income: Over 171,000 people within 5-miles & $118,000+ Household Income Within 3-Miles

  • Strategic Location: Situated in a growing area of San Antonio with easy access to major highways and amenities.

  • Additional Land Opportunity: 0.358 acres available separately for potential expansion or development.

  • Passive Investment: NN lease structure minimizes landlord responsibilities.

  • Tax Benefits: Fee simple ownership offers potential tax advantages.

  • 1031 Exchange Eligible: Suitable for investors seeking a replacement property for a 1031 exchange

Listing Contacts

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies

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Loan Amount
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Annual Cash Flow
$400,000.00
$33,333.33/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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