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Views: 69 DOM: 277 Updated: 04.29.24 Posted: 08.16.23 Status: Active 04.29.24

Summary

Price $5,313,000
Built/Renov 2023
Tenant The Learning Experience
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,000
Lease Start 12-01-2023
#Units 340
Price/SF $531.30
Expiration 11-30-2038
Tenant Type Daycare/Education
NOI $371,900
R. Term 14.6
Ownership Fee Simple
Rent/SF $37.19
Increases 8.0%/5/yrs
Pop 5Mi 132,485
Lot/AC 2.00
Options 2/5yrs/8%
AHHI 5Mi $122,077

Lease Highlights

  • Brand-new 2023 construction with state-of-the-art design and the highest-quality materials
  • The tenant recently signed a brand-new 15 year lease with 2 (5-year) options to extend
  • The lease features 8% rental increases every 5 years throughout the initial term and options
  • Corporate guaranteed lease

Location Description

The Learning Experience is strategically located along 15th Street with clear visibility and access to 21,100 vehicles passing by daily. The subject property benefits from direct access onto U.S. Highway 77 (40,300 VPD), Interstate 35 (76,200 VPD), and other major routes. The site is ideally situated in a dense retail trade area within direct proximity to Spring Creek Village, Edmond Plaza,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs throughout the country. TLE is one of America’s fastest...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,308 70,290 135,865
2023 Total Population : 10,071 68,597 132,485
2023 Employed Civilian Pop : 5,435 36,011 68,318
2023 Total Businesses : 761 4,133 6,266
2023 Average Household Income : $ 105,258 $ 106,993 $ 122,077
2023 Total Consumer Spending : $ 370 M $ 2549 M $ 5365 M
2023 Median Age : 36 35 36
2023 Total Households : 4,088 27,645 51,338
2023 Pop Age 25+: Bachelor's Degree : 2,246 14,764 29,632
2023 Average Home Value : $ 280,571 $ 292,252 $ 326,167
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E 15th St Pine Oak Dr 2015 21,070 0.05 mi
S Bryant Ave Devonshire Ct 2015 22,564 0.16 mi
Pine Oak Dr E 15th St 2011 1,804 0.17 mi
Pine Oak Dr E 15th St 2011 1,396 0.17 mi
S Bryant Ave Rockwood Dr 2017 14,800 0.17 mi
South Bryant Avenue 2019 19,200 0.28 mi
E 15th St Hunters Ridge Rd 2016 17,648 0.28 mi
E 15th St Edgewood Dr 2012 21,597 0.36 mi
East 15th Street Edgewood Dr 2019 17,200 0.39 mi
S Bryant Ave Mockingbird Ln 2015 15,630 0.40 mi

Listing Broker

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