The Learning Experience | 120 Baize Blvd
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The Learning Experience 120 Baize Blvd
10,000 SF Retail Building Hickory Creek, TX 75065 $5,440,000 ($544/SF) 6.25% Cap Rate
Investment Highlights
- 100% NNN lease with fifteen (15) year lease term that includes corporate guaranty by TLE corporate with minimal Landlord Responsibilities
- The Learning Experience is the Fastest-Growing Childcare Concept in the US with ~630 Centers Open, Planned or Under Development across 22 States
- The average household income within 1-mile radius of the property is over $120,000 and the population is over 145,000 in a 5-mile radius.
- Rent increases 8% every five (5) years, including options, with NNN expenses primarily managed by tenant.
- The demographics in Denton County is experiencing superior growth and is expected for the foreseeable future.
- Frontage to I-35 off Turbeville Road, nestled between Denton and Lake Lewisville with direct access both northbound and southbound on I-35
Executive Summary
Wells Asset Management, with the owners, presents the opportunity to acquire a newly constructed 10,000-square-foot free-standing property leased to The Learning Experience, the nation’s fastest-growing childcare and early education company.
Founded in 1980, The Learning Experience currently operates and franchises more than 630 locations throughout the United States, with ~50 new centers being opened each year given the significant demand and revenue growth experienced by The Learning Experience.
The 15-year NNN lease includes a 5-year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation
Founded in 1980, The Learning Experience currently operates and franchises more than 630 locations throughout the United States, with ~50 new centers being opened each year given the significant demand and revenue growth experienced by The Learning Experience.
The 15-year NNN lease includes a 5-year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$5,440,000
Price Per SF
$544
Cap Rate
6.25%
NOI
$340,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
1.18 AC
Zoning
C-1 - Retail, Hickory Creek
Parking
34 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
136 FT on Baize Boulevard
Amenities
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
9,812
43,363
131,874
319,729
2029 Population
11,835
52,141
158,416
381,297
2024-2029 Projected Population Growth
20.6%
20.2%
20.1%
19.3%
Median Age
40.1
42.3
41.2
37.4
College Degree + Higher
32%
38%
42%
29%
Daytime Employees
3,643
8,011
32,714
105,788
Total Businesses
493
997
3,779
12,519
Average Household Income
$113,679
$130,852
$136,321
$119,418
Median Household Income
$77,345
$102,584
$112,226
$94,147
Total Consumer Spending
$134.4M
$632M
$1.9B
$4.3B
2024 Households
3,677
15,701
45,813
116,576
Average Home Value
$355,455
$387,363
$393,344
$392,055
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R726989 | Improvements Assessment | $0 |
| Land Assessment | $730,550 | Total Assessment | $730,550 |
PROPERTY TAXES
Parcel Number
R726989
Land Assessment
$730,550
Improvements Assessment
$0
Total Assessment
$730,550
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Mike Wells -
Austin Wells -
Wells Asset Management, Inc.
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The Learning Experience | 120 Baize Blvd
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