The Learning Experience | 70 Simarano Dr
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The Learning Experience 70 Simarano Dr
10,000 SF Retail Building Marlborough, MA 01752 $4,739,000 ($474/SF) 6.50% Cap Rate
Executive Summary
Atlantic Capital Partners is pleased to exclusively present
The Learning Experience in Marlborough, MA for sale. This
10,000-square-foot built to suit asset has been occupied
by The Learning Experience since December 2016.
Located at 70 Simarano Drive, the property benefits from
close proximity to Route 20 in a dynamic regional retail
market serving suburban communities west of Boston.
The Learning Experience operates under a 20-year
lease that began in 2016, featuring two (2) five-year
renewal options. The current annual rent of $308,000 is
subject to a 12% increase every five years, with the next
escalation scheduled for January 2027, bringing the NOI
to $344,960.
This offering presents an excellent opportunity to
acquire a stable, long-term investment with a nationally
recognized tenant in a thriving retail corridor.
The Learning Experience in Marlborough, MA for sale. This
10,000-square-foot built to suit asset has been occupied
by The Learning Experience since December 2016.
Located at 70 Simarano Drive, the property benefits from
close proximity to Route 20 in a dynamic regional retail
market serving suburban communities west of Boston.
The Learning Experience operates under a 20-year
lease that began in 2016, featuring two (2) five-year
renewal options. The current annual rent of $308,000 is
subject to a 12% increase every five years, with the next
escalation scheduled for January 2027, bringing the NOI
to $344,960.
This offering presents an excellent opportunity to
acquire a stable, long-term investment with a nationally
recognized tenant in a thriving retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2016
Price
$4,739,000
Price Per SF
$474
Cap Rate
6.50%
NOI
$308,035
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.82 AC
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | MARL-000100-000001A | Improvements Assessment | $1,372,400 |
| Land Assessment | $710,000 | Total Assessment | $2,082,400 |
PROPERTY TAXES
Parcel Number
MARL-000100-000001A
Land Assessment
$710,000
Improvements Assessment
$1,372,400
Total Assessment
$2,082,400
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The Learning Experience | 70 Simarano Dr
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