

Listed by Marcus & Millichap - Chicago Oak Brook
$3,649,481
La Petite Academy - North Port, FL (Fort Myers MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 20,218
Cap Rate 6.75%
NOI $246,340
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2000
Year Renovated 2019
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/25/2019
Ground Lease No
Ownership Fee Simple
Absolute NNN Lease | 8+ Years Remaining | #2 Corporate Operator in the Country
Investment highlights
Corporate Guaranty from the #2 Corporate Operator in the Country
- Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
- The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
- LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
- Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
- Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
8+ Years Remaining with Increases Every 5 Years
- The Learning Care Group corporately guaranteed lease has over 8 years remaining.
- The lease features rental increases every 5 years of 9.00% and continuing into the option periods, growing NOI and hedging against inflation.
- The lease features zero landlord responsibilities, allowing for a passive investment for a new landlord.
Fort Myers MSA
- The region is one of the nation’s fastest-growing metros, surging from roughly 620,000 residents in 2010 to over 875,000 in recent years.
- A massive chunk of this growth is fueled by inbound domestic migration. States like Illinois, New York, and Ohio serve as the primary feeders for new residents.
- Cape Coral—the MSA’s largest city by land mass—is highly unique because it is a pre-platted community. It is currently less than half developed, meaning the area possesses massive runway for future residential construction.
Over $54,000,000 Spent on Education and Daycare in a 5-Mile Radius
- A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
- Participants in early childhood programs, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.
Listing Contacts


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$246,340.00
$20,528.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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Zoning
V MixedMixed UseVillage
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