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Views: 43 DOM: 136 Updated: 03.10.24 Posted: 01.04.24 Status: Active

Summary

Price $5,488,722
Built/Renov 2023
Tenant The Learning Experience
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 10,000
Lease Start 11-01-2023
#Units 340
Price/SF $548.87
Expiration 03-31-2043
Tenant Type Daycare/Education
NOI $365,000
R. Term 18.10
Ownership Fee Simple
Rent/SF $36.50
Increases 12.0%/4/yrs
Pop 5Mi 143,840
Lot/AC 1.80
Options 2/5yrs/12%
AHHI 5Mi $88,028

Lease Highlights

  • Brand-new 2023 construction
  • The Learning Experience recently executed a brand-new 20-year lease with 2 (5-year) options to extend
  • Lease features 12% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The Learning Experience is strategically located at the hard corner intersection of S 177th E Avenue and E Kansas St., with a daily traffic count of 23,141 vehicles. Positioned within two miles of the Broken Arrow Expressway (61,911 VPD), the site is also easily accessible from the Creek Turnpike/State Highway 364 (38,127 VPD), and U.S. Highway 64 (127,200 VPD). Situated in a densely populated...

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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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Listing Broker

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