The Learning Experience - Mooresville, NC | 123 Legacy Village Blvd
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The Learning Experience - Mooresville, NC 123 Legacy Village Blvd
10,733 SF Retail Building Mooresville, NC 28117 $5,500,000 ($512/SF) 6.75% Cap Rate
Investment Highlights
- This Center is Operated By a Multi-Unit Franchisee With Several Locations Throughout the Country
- The Asset is 100% Leased to The Learning Experience on a Double Net (NN) Lease With 2% Annual Rent Increases
- Mooresville is a Suburb in the Charlotte MSA; the Charlotte Metropolitan Area is Home to Nearly 2.8MM People
- The Learning Experience Started in 1980 With 1 Center and Has Since Grown to 450+ Locations That Are Open or Under Development
- Total Consumer Spending on Education and Daycare Exceeds $100 Million Annually Within a 5-Mile Radius of This Location
- 10+ Feeder Elementary Schools Within a 5-Mile Radius
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,733 SF The Learning Experience Located at 123 Legacy Village Boulevard in Mooresville, NC. This Asset is 100% Leased to The Learning Experience on a Double Net (NN) Lease With 2% Annual Rent Increases, Providing For a Secured Investment.
In Cooperation With Sands Investment Group North Carolina, LLC Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
10,733 SF
Building Class
A
Year Built
2009
Price
$5,500,000
Price Per SF
$512
Cap Rate
6.75%
NOI
$371,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.66 AC
Zoning
OI - Office industrial
Parking
72 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
170 FT on Legacy Village Blvd.
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 10,733 SF
- $34.59
- Double Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,733 SF | $34.59 | Double Net | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4655-08-1832.000 | Improvements Assessment | $1,797,590 |
| Land Assessment | $586,430 | Total Assessment | $2,384,020 |
PROPERTY TAXES
Parcel Number
4655-08-1832.000
Land Assessment
$586,430
Improvements Assessment
$1,797,590
Total Assessment
$2,384,020
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Adam Bridges -
William Steinman -
Sands Investment Group
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The Learning Experience - Mooresville, NC | 123 Legacy Village Blvd
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