Listed by STNL Development
$5,586,000
The Learning Experience - Manvel, TX
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Cap Rate 7.25%
NOI $405,000
Tenancy Single
Brand/Tenant Learning Experience
Lease Type NNN
Lease Term 20
Lease Expiration 03/31/2045
Remaining Term 18.7
Rent Bumps Yes
Lease Options 2, 5-year options
Year Built 2025
Acreage 1.390
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/19/2025
Ground Lease No
Ownership Fee simple
3% Buyside Fee | 7.25% CAP | Explosive Growth Area | New BTS Construction
Investment highlights
- Brand new and rare 20-year lease with minimal landlord obligations.
- 10% rent increase every 5 years including each renewal option.
- 3-mile average household income of approximately $155,000 and population count over 57,000.
- Center opened in March of 2025 using TLE's latest prototype.
- This location fills a much-needed void for TLE and is located at the entrance of Pomona, a master-planned community that will have approximately 2,300 single-family homes at completion.
- Located 20 miles south of downtown Houston, the City of Manvel has seen approximately a 138% population growth since 2010.
- TLE is recognized as the #1 childcare franchise according to Entrepreneur magazine. They were also ranked #97 in Franchise Times top 400 franchises of 2025. They currently enroll 54,000+ students in 471 centers and experienced a 12% system-wide sales growth jump in 2025 from the previous year. TLE plans to open 55+ additional centers by the end of 2026 and has 290+ locations currently in development.
Listing Contacts
Listed by STNL Development
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$405,000.00
$33,750.00/mo
Valuation Metrics
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DSCR
7.25%
Cap Rate
7.25%
ROI
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