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Views: 57 DOM: 180 Updated: 03.27.24 Posted: 11.21.23 Status: Active

Summary

Price $5,627,000
Built/Renov 2024
Tenant The Learning Experience
Cap Rate 6.60%
Lease Type NN+
Guarantor Corporate
Size/SF 9,058
Lease Start 03-01-2024
#Units 340
Price/SF $621.22
Expiration 03-01-2044
Tenant Type Daycare/Education
NOI $371,378
R. Term 19.9
Ownership Fee Simple
Rent/SF $41.00
Increases 10.0%/5/yrs
Pop 5Mi 57,325
Lot/AC 0.96
Options 2/5yrs/10%
AHHI 5Mi $116,956

Lease Highlights

  • Brand new 2024 high quality construction
  • The learning experience recently signed a brand-new 20-year lease with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for structural integrity of the building
  • Corporate guaranteed lease

Location Description

The Learning Experience is strategically located along North Silverbell Road, with access to 16,700 vehicles passing by daily. It is conveniently located just two miles from Interstate 10, where the traffic count reaches 104,575 vehicles per day, offering easy accessibility. In the nearby vicinity are well-known national retailers such as Safeway, Fry's, Walmart, Starbucks, Kohl's, LA Fitness,...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,519 34,178 62,734
2023 Total Population : 11,664 30,871 59,202
2023 Employed Civilian Pop : 5,595 14,527 28,410
2023 Total Businesses : 138 534 1,141
2023 Average Household Income : $ 124,333 $ 121,851 $ 113,176
2023 Total Consumer Spending : $ 445 M $ 1204 M $ 2201 M
2023 Median Age : 39 41 40
2023 Total Households : 4,178 11,539 22,651
2023 Pop Age 25+: Bachelor's Degree : 2,688 6,485 10,622
2023 Average Home Value : $ 314,822 $ 324,238 $ 312,990
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Silverbell Rd N Coachline Blvd 2015 5,079 0.28 mi
N Silverbell Rd N Silver Moon Way 2002 20,800 0.29 mi
N Coachline Blvd N Veridian Dr 2015 5,601 0.44 mi
North Coachline Road N Yellow Moon Dr 2019 7,176 0.53 mi
West Twin Peaks Road W Peace Pipe Rd 2018 6,636 0.82 mi
Twin Peaks Rd Sunflower Ridge Rd 2015 5,992 0.89 mi
North Silverbell Road N Poudre Dr 2019 21,758 0.91 mi
N Silverbell Rd Twin Peaks Rd 2015 4,022 1.10 mi
W Twin Peaks Rd N Scenic Dr 2005 3,778 1.16 mi
North Silverbell Road W C8fu00adr de Los Morteros 2018 170 1.29 mi

Listing Broker

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