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2351 FM 646 Rd W
Dickinson, TX 77539
The Learning Experience in League City, TX · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.24 AC
Zoning
commercial
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)

ABOUT 2351 FM 646 RD W , DICKINSON, TX 77539

Marcus & Millichap is pleased to present the fee simple interest in The Learning Experience, located in League City, Texas: a new construction childcare center, net leased to the nation’s fastest growing childcare & early education company. While the typical Learning Experience lease is 15 years, this investment carries a 16 year lease with 10 percent increases every five years, as well as a five-year limited corporate guarantee. The standards for assigning franchisees to Learning Experience childcare centers are very high, as is the cash investment that the franchisee and franchisor make in the business. Correspondingly, the high success rate enjoyed by franchisees should give confidence to most investors seeking an above market return. Located within the Houston MSA (the 4th largest in the United States), League City and the surrounding suburbs support a growing population and strong economy. Given the high visibility of this site, on a dense retail corridor, The Learning Experience in League City is positioned to generate strong revenues for its operator, as well as serving to increase TLE’s brand awareness. From a demographics perspective, the site selection for the League City location far exceeds the standards set by The Learning Experience. The population density within a three mile radius is 50 percent greater than TLE’s density requirements, while household incomes within a three mile radius are about 42 percent higher than TLE’s already high standard for average household incomes. Sophisticated childcare programs like The Learning Experience have become increasingly essential to families, particularly dual income households working in the modern economy. The childcare business also has inherent resistance both to economic downturns and to e-commerce. Please contact your preferred Marcus & Millichap broker for more information about this opportunity. TIM SPECK | Broker of Record | Tel: 972.755.5200 | tim.speck@marcusmillichap.com

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3005-0000-0000-012
Land Assessment
$1,859,140
Improvements Assessment
$0
Total Assessment
$1,859,140
  • Listing ID: 11839630

  • Date on Market: 3/7/2018

  • Last Updated:

  • Address: 2351 FM 646 Rd W, Dickinson, TX 77539

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