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The Learning Experience
6106 Breslay Drive, Melbourne, FL 32940
$5,499,000
Cap Rate 6.50%
Summary
| 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 |
| | |
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...
...Features
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New construction
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New prototype
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Hard corner intersection
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Highway location
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Strong tenant synergy
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Affluent AHHI $100K 5 Mi
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New development zone
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Income tax free state
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Brand new lease
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Corporate Guarantee
...
Maps
Tenant
- Tenant: The Learning Experience
- Guarantor:Corporate
- Company:Golden Gate Capital
- # Units:340
- Stock:Private
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 |
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 |
