- Details
- Investment Highlights
- Description
Tenant
The Learning Experience
Location
Exton, PA
Price
$3,654,000
CAP Rate
7.50%
NOI
$274,104
Lease Term
23 Years
Occupancy
100%
Building Size
10,000 SF
Property Type
Single Tenant
Year Built
2007
Lot Size
2.40 Acres
Status
Closed
Property Contacts:
- NNN Lease with Limited Landlord Responsibilities
- 8% Rent Increase every 5 Years
- Great Demographics: Over 103K People Within a 5 Mile Radius
- The Average Household Income Exceeds $131K within 5 Miles
- Over 20,000 VPD
Marcus & Millichap is pleased to exclusively present for sale a NNN Learning Experience child care facility in Exton, PA. The subject property has 9.3 years remaining on the base term with 2 5-year options. . The tenant recently exercised an option early showing commitment to the site. The lease calls for rent increases throughout the base term and options of 8% every 5 years. Landlord responsibilities are limited to roof and structural repairs.
The Learning Experience®, with more than 300 centers operating or under development, is one of the nation’s fastest-growing Academies of Early Education for children from ages six weeks to six years old. The Learning Experience has generated double-digit annual growth for the past 15 years, making it a clear leader in the early childhood education sector. For nearly 20 years, The Learning Experience has provided the foundation necessary for children to succeed in preschool, kindergarten, and beyond.