Listed by Summit Real Estate
$3,450,000
The Learning Experience
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Net Rentable (SqFt) 10,000
Cap Rate 8.51%
NOI $293,426
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NN+
Lease Term 16
Lease Expiration 03/31/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 2 x 5 Years
Class A
Year Built 2017
Acreage 1.590
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/27/2017
Ground Lease No
Ownership Private
Long Term Net Lease | Inflation Hedge | No State Income Tax State
Marketing description
The Learning Experience is an early learning and childcare company with over 250 franchises across the United States. Based in Florida, The Learning Experience was founded in 2001 by CEO Richard Weissman and his family. The company combines child care and early childhood prekindergarten education for children between the ages of six weeks and six years. Programs include philanthropy, yoga, foreign language lessons, in addition to basic math, science and language skills. The Learning Experience develops its own curriculum which incorporates advanced technology used across all locations, and the locations themselves include playrooms designed to look like a small town.
Investment highlights
- Long Term Net Lease | 7 Years on primary term with minimal landlord responsibilities
- Inflation Hedge | 10% Rent increases every 5 years
- No State Income Tax State | Texas is a no state income tax state
- Established Location | TLE has been operating at this location since 2017 with strong occupancy rates
- Corporate Indemnification | Both parties indemnify for breaches under the lease obligations
- Outstanding Demographics | $157,735 average household income in 1-mile radius
- Dense Population | Over 205,000 residents in a 5-mile radius
- Strategically Located | Adjacent to Barbara Cockrell Elementary
Listing Contacts
Listed by Summit Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$293,426.00
$24,452.17/mo
Valuation Metrics
0
DSCR
8.51%
Cap Rate
8.51%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
