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29792491
29792490

2031 Meadow Ln, Waukesha, WI 53188

JA
CA 01440360
CP Partners
KD
CA DRE# 02095008
CP Partners
Listed by CP Partners
$5,850,000
106 days on market
Updated 14 days ago

The Learning Experience

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School (+1)
Square Footage 10,087
Net Rentable (SqFt) 10,087
Cap Rate 7.5%
NOI $438,785
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NNN
Lease Term 20
Lease Expiration 03/31/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options Two, 5-year
Price per SqFt $580
Year Built 2024
Acreage 0.990
Parking Spaces 24 spaces
Parking Per SqFt 2.38
Investment Type Net Lease
Lease Commencement 04/01/2024

Retail | 7.50% CAP | 10,087 SqFt

Marketing description

A 20-year corporate Learning Experience featuring above market 11% rental increases every 5 years throughout the base term and options. Subject property is ideally located along the I-94 interchange (83,000+ VPD) and surrounded by numerous national retailers driving traffic to the direct trade area including Metro Market (Kroger), Walgreens, CVS, Starbucks, Culver’s, and Panda Express.

Investment highlights

  • Brand-new 20-year lease featuring above market 1 1% rental increases every 5 years

  • Corporate guaranty from tenant’s parent company – The Learning Experience Corp. (see below)

  • 2024 build-to-suit construction with 20-year roof warranty in place

  • Strong enrollments (ask Agent for more details)

  • Affluent demos – $115K average household incomes and 105K residents in a 5-mile radius

  • Subject property positioned just off I-94 interchange with heavy exposure to the 83,000+ vehicles per day

Listing Contacts

JA
CA 01440360
CP Partners
KD
CA DRE# 02095008
CP Partners
Listed by CP Partners

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$438,785.00
$36,565.42/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Scott Reid
License
WI LIC#58772-90
Brokerage
ParaSell, Inc.
Brokerage Phone
949.942.6585
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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