Listed by Avison Young - Tysons, Avison Young - Washington, Avison Young - New York
$9,600,000
The Learning Experience
Details
APN 552403 33./2/28
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,488
Units 1
Cap Rate 6.25%
NOI $600,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 2 @ 5yrs
Class A
Year Renovated 2025
Acreage 0.220
Investment Type Sale/Leaseback
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
About This Property
Marketing description
The Learning Experience at 21 Columbus Avenue, Tuckahoe, NY 10707 offers a rare opportunity to acquire a newly renovated, net-leased investment in one of Westchester County’s most desirable commuter markets. This 12,488± SF fee-simple asset is secured by a 20-year NNN lease, providing no landlord responsibilities and dependable cash flow from a nationally recognized early education brand.
Positioned just a 3-minute walk from the Tuckahoe Metro-North station and only 20 miles from Manhattan, the property benefits from exceptional accessibility and strong long-term real estate fundamentals within the NYC MSA. The surrounding area features outstanding demographics, including 208,205 residents and an average household income of $179,957 within a 5-mile radius.
The tenant, The Learning Experience, is one of the fastest-growing names in early childhood education, with 600+ centers open or under development. The lease is further strengthened by 10 years of guarantee from the brand’s largest franchisee, which operates 30+ locations. With 10% rent increases every 5 years and two 5-year renewal options, this investment combines stability, growth, and premier suburban New York location appeal.
Investment highlights
- NNN newly renovated building with no landlord responsibilities located in a dense market for early education and child care MANHATTAN 20 MILES BRONX RIVER PKWY BRONX RIVER PKWY
-The Learning Experience is one of the fastest-growing names in the early education sector with 450+ locations either open or under development TUCKAHOE METRO NORTH
-20-year lease (10 years guaranteed by the largest franchisee in The Learning Experience system with 30+ locations)
-Excellent demographics 208,205 residents and average household income of $179,957 within a 5-mile radius of the property
-Prime location generational NYC MSA real estate steps from Tuckahoe Metro-North station
Listing Contacts
Listed by Avison Young - Tysons, Avison Young - Washington, Avison Young - New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$600,000.00
$50,000.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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