The Learning Experience | New 15 Yr Corp NN
10,000 SF | Retail Building | Edmond, OK 73013 | $5,125,000 ($513/SF) | 7.26% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,125,000
- Property Type
-
Retail
- Square Feet
- 10,000 SF
- Price / Square Foot
- $513
Listing Contacts
John Toben
Verified Profile
Matthew Mousavi
Verified Profile
Patrick Luther
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) on a NN leased, corporate guaranteed, newly built, The Learning Experience investment property located in Edmond, OK (Oklahoma City MSA). The tenant, TLE at Edmond, LLC, recently signed a brand new 15-year lease with 2 (5-year) options, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1980, The Learning Experience is among the leading providers in early childhood education and daycare with over 450 centers in operation.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery, Freestanding
- Lot Size (sq. ft)
- 87,120 SF
Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed Lease | 2023 Construction
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Dense Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Elementary Schools
- Located Along 15th Street | Centralized Location | 2023 Construction | Outdoor Playground | Excellent Visibility
- Direct Residential Consumer Base | Affluent Community |Demographics in 5-mile Trade Area
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].