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The Learning Experience 15054 W State 71 Hwy

10,000 SF Retail Building Bee Cave, TX 78738 $5,905,000 ($591/SF) 6.35% Cap Rate

Investment Highlights

  • Brand New 15 Yr. Corp. Lease by Learning Experience - 480+ Locations - Best in Class Brand
  • Corp Guarantee of $750k over 6 Yrs. - Subsidiary of Golden Gate Capital ($19B+ Market Cap)
  • Brand New 2024 Prototype - 12% Rent Bumps - 15 Yr. Roof Warranty - Scheduled Open Spring 2024
  • RARE High Profile Site off Hwy 71 - Hyper Dense Residential Trade Area/Huge Population Growth
  • Highly Affluent Suburb ($209,706 HHI) of Austin, TX - One of Fastest Growing Cities in US since 2010
  • Large 2.00 Acre Site - Surrounded by Several Elementary/Middle/High Schools - Depreciable Asset

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a single tenant net leased investment that is fully occupied by The Learning Experience in the Austin, TX MSA. The Learning Experience, one of the Nation’s leaders in early education, is ranked no. 32 on Entrepreneur’s Franchise 500 for 2024, was ranked no.1 Childcare Franchise in 2023, and has over 470 locations in operation or under development across the United States. The corporate guaranteed lease has over 14 years remaining in the primary term, two 5-year option period, ~12% rent increases every 5 years and limited landlord responsibilities (roof & structure only) providing inflation resistant cash flows for years to come.
Located in the popular Austin Suburb of Bee Cave, the subject property is strategically located on State Highway 71 (23,930 VPD) and is only 20 miles from downtown Austin. Several schools surround the subject property including Lake Travis High School, Bee Cave Middle School, and Bee Cave Elementary School with enrollments exceeding 5,300 students. This is an excellent opportunity to purchase a new construction, single tenant net leased childcare investment in one of Texas’ fastest growing metros with rare 12% Increases, corporate guarantee and limited landlord obligations producing long term internet resistant income.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2024
Price
$5,905,000
Price Per SF
$591
Cap Rate
6.35%
NOI
$375,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
186 FT on State Highway 71
  • Listing ID: 31644378

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 15054 W State 71 Hwy, Bee Cave, TX 78738

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