The Learning Experience | New 15 Yr Corp NN | 1288 E 15th St
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The Learning Experience | New 15 Yr Corp NN 1288 E 15th St
10,000 SF Retail Building Edmond, OK 73013 $5,125,000 ($513/SF) 7.26% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed Lease | 2023 Construction
- Dense Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Elementary Schools
- Direct Residential Consumer Base | Affluent Community |Demographics in 5-mile Trade Area
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along 15th Street | Centralized Location | 2023 Construction | Outdoor Playground | Excellent Visibility
Executive Summary
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 Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$5,125,000
Price Per SF
$513
Cap Rate
7.26%
NOI
$371,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
2.00 AC
Zoning
PUD - Planned Unit Development
Parking
4.4 Spaces per 1,000 SF Leased
Amenities
- Freeway Visibility
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 182461010 | Improvements Assessment | $0 |
Land Assessment | $106,821 | Total Assessment | $106,821 |
PROPERTY TAXES
Parcel Number
182461010
Land Assessment
$106,821
Improvements Assessment
$0
Total Assessment
$106,821
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The Learning Experience | New 15 Yr Corp NN | 1288 E 15th St
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