The Learning Experience - Huntersville, NC | 16604 Old Statesville Rd
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The Learning Experience - Huntersville, NC 16604 Old Statesville Rd
11,040 SF Retail Building Huntersville, NC 28078 $5,500,000 ($498/SF) 6.75% Cap Rate
Investment Highlights
- The 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
- Established Retailers Nearby Include: Lowe's, Kohl's, Target, Starbucks, Harris Teeter, Advance Auto Parts, Marshall's, Panera Bread & More
- 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 $127 Million Annually Within a 5-Mile Radius of This Location
- Mecklenburg County is One of the More Affluent Counties in the United States With a Household Income of Over $116,537
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,040 SF The Learning Experience Located at 16604 Old Statesville Road in Huntersville, NC. The 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
11,040 SF
Building Class
B
Year Built
2013
Price
$5,500,000
Price Per SF
$498
Cap Rate
6.75%
NOI
$371,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.33 AC
Zoning
HCCD - Highway corridor commercial district
Parking
29 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
157 FT on Old Statesville Rd
Amenities
- Freeway Visibility
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 11,040 SF
- $33.63
- Double Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 11,040 SF | $33.63 | Double Net | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 011-021-05 | Improvements Assessment | $1,670,700 |
| Land Assessment | $953,300 | Total Assessment | $2,624,000 |
PROPERTY TAXES
Parcel Number
011-021-05
Land Assessment
$953,300
Improvements Assessment
$1,670,700
Total Assessment
$2,624,000
Contacts
-
Andrew Gilbert -
Ryan Sompayrac -
Clifton McCrory -
Chris Sands -
Adam Bridges -
William Steinman -
Sands Investment Group
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The Learning Experience - Huntersville, NC | 16604 Old Statesville Rd
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