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The Learning Experience 120 Baize Blvd 10,000 SF Retail Building Hickory Creek, TX 75065 $4,895,000 ($489.50/SF) 6.95% Cap Rate
Investment Highlights
- 100% NNN lease with fifteen (15) year lease term that includes corporate guaranty by TLE corporate with minimal Landlord Responsibilities
- The Learning Experience is the Fastest-Growing Childcare Concept in the US with ~630 Centers Open, Planned or Under Development across 22 States
- The average household income within 1-mile radius of the property is over $120,000 and the population is over 145,000 in a 5-mile radius.
- Rent increases 8% every five (5) years, including options, with NNN expenses primarily managed by tenant.
- The demographics in Denton County is experiencing superior growth and is expected for the foreseeable future.
- Frontage to I-35 off Turbeville Road, nestled between Denton and Lake Lewisville with direct access both northbound and southbound on I-35
Executive Summary
Wells Asset Management, with the owners, presents the opportunity to acquire a newly constructed 10,000-square-foot free-standing property leased to The Learning Experience, the nation’s fastest-growing childcare and early education company.
Founded in 1980, The Learning Experience currently operates and franchises more than 630 locations throughout the United States, with ~50 new centers being opened each year given the significant demand and revenue growth experienced by The Learning Experience.
The 15-year NNN lease includes a 5-year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation
Founded in 1980, The Learning Experience currently operates and franchises more than 630 locations throughout the United States, with ~50 new centers being opened each year given the significant demand and revenue growth experienced by The Learning Experience.
The 15-year NNN lease includes a 5-year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
2023
Price
$4,895,000
Price Per SF
$489.50
Cap Rate
6.95%
NOI
$340,203
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.18 AC
Zoning
C-1 - Retail, Hickory Creek
Parking
34 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
136’ on Baize Boulevard
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | R726989 | Improvements Assessment | $2,733,090 |
| Land Assessment | $769,052 | Total Assessment | $3,502,142 |
Property Taxes
Parcel Number
R726989
Land Assessment
$769,052
Improvements Assessment
$2,733,090
Total Assessment
$3,502,142
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The Learning Experience | 120 Baize Blvd
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