Price $5,499,000 | Built/Renov 2023 | Tenant The Learning Experience |
Cap Rate 6.50% | Lease Type
Double NN | Guarantor Corporate |
Size/SF
10,000
| Lease Start
04-02-2023
| #Units
340
|
Price/SF $549.90 | Expiration
04-30-2039
| Tenant Type Child Care |
NOI $357,492 | R. Term 15.4 | Ownership Fee Simple |
Rent/SF
$35.75
| Increases 12.0%/4/yrs | Pop 5Mi 77,130 |
Lot/AC 1.32 | Options 2/5yrs/12% | AHHI 5Mi $123,660 |
| |
The Learning Experience is situated at the hard corner intersection of Breslay Drive and Fellowship Place. Its strategic position, less than 2 miles from I-95 with a traffic volume of 84,000 vehicles per day, offers users the convenience of direct on/off ramp access. The subject property is surrounded by various single-family home developments, including Eason Landing, Bayhill, Indigo...
...New construction
New prototype
Hard corner intersection
Highway location
Strong tenant synergy
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Brand new lease
Corporate Guarantee
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...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 6,620 | 47,225 | 80,606 |
2023 Total Population : | 5,887 | 43,736 | 77,064 |
2023 Employed Civilian Pop : | 2,152 | 19,693 | 36,433 |
2023 Total Businesses : | 185 | 1,266 | 2,738 |
2023 Average Household Income : | $ 115,029 | $ 121,178 | $ 123,693 |
2023 Total Consumer Spending : | $ 224 M | $ 1872 M | $ 3418 M |
2023 Median Age : | 49 | 50 | 50 |
2023 Total Households : | 2,289 | 18,096 | 32,358 |
2023 Pop Age 25+: Bachelor's Degree : | 1,202 | 9,631 | 16,169 |
2023 Average Home Value : | $ 476,518 | $ 428,225 | $ 421,657 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Judge Fran Jamieson Way | Wickham Rd | 2009 | 13,040 | 0.27 mi |
Stadium Parkway | Veterans Way | 2022 | 13,700 | 0.37 mi |
Sawmill Grade | Veterans Way | 2009 | 15,070 | 0.37 mi |
Judge Fran Jamieson Way | Stadium Pkwy | 2009 | 13,730 | 0.45 mi |
Lake Andrew Dr | Town Center Ave | 2009 | 13,160 | 0.91 mi |
Wickham Rd | Toland Dr | 2009 | 4,220 | 1.01 mi |
Viera Blvd | 2022 | 5,000 | 1.15 mi | |
I- 95 | 2022 | 4,400 | 1.19 mi | |
Viera Blvd | Murrell Rd | 2009 | 10,520 | 1.27 mi |
I- 95 | 2022 | 4,600 | 1.30 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]