Listed by STNL Development
$5,517,000
The Learning Experience - Humble, TX
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery
Square Footage 10,000
Cap Rate 7.25%
NOI $400,000
Occupancy 100%
Tenancy Single
Brand/Tenant Learning Experience
Lease Type NNN
Lease Term 20.1
Lease Expiration 03/31/2045
Remaining Term 18.7
Rent Bumps Yes
Lease Options 2, 5-year options
Year Built 2025
Acreage 1.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/12/2025
Ground Lease No
Ownership Fee simple
3% Buyside Fee | 7.25% CAP | Big 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 $142,000 and population count over 92,000
- Center opened in March of 2025 using TLE's latest prototype
- This location fills a much-needed void for TLE and is located near the entrance of the Shoppes at the Bridges with traffic counts of approximately 32,000 VPD
- Located in a high growth area of northeast Houston, the population within a 3-mile radius of the Property has increased by 9.4% since 2020 and is projected to grow 7.6% by 2030
- 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
$400,000.00
$33,333.33/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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