loader
Join Free
Views: 68 DOM: 142 Updated: 03.20.24 Posted: 09.27.23 Status: Sold 02.16.24

Summary

Price $5,300,000 $5,499,000
Built/Renov 2023
Tenant The Learning Experience
Cap Rate 6.75% 6.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,000
Lease Start 04-02-2023
#Units 340
Price/SF $530.00 $549.90
Expiration 04-30-2039
Tenant Type Daycare/Education
NOI $357,492
R. Term 14.10
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

Lease Highlights

  • The building is new 2023 construction with high quality materials and distinct design elements
  • Tenant has 15+ years remaining on their primary lease with 2 (5-year) options
  • Lease features 12% rental increases every 5 years during the initial term and at the beginning of each option period
  • Corporate guaranteed lease

Location Description

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...

...

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...


...

Demographics

  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
*ESRI data is presented for informational purposes only

Traffic

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

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity