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The Learning Experience 206 Great Rd 11,000 SF Retail Building Littleton, MA 01460 $6,880,000 ($625.45/SF) 7.15% Cap Rate

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Investment Highlights

LONG-TERM NNN LEASE WITH STRONG OPERATOR
PROXIMITY TO MAJOR EMPLOYERS & TECH CORRIDOR
LIMITED LANDLORD RESPONSIBILITIES

AFFLUENT AND GROWING SUBMARKET
PURPOSE-BUILT CHILDCARE FACILITY
HIGH BARRIERS TO ENTRY

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of The Learning Experience in Littleton, Massachusetts. This newly renovated, single tenant asset consists of a purpose-built childcare facility located along Great Road (Route 119), offering prominent visibility within one of Middlesex County’s affluent and family-oriented communities. Situated at 206 Great Road, the property encompasses approximately 2 acres and is 100% leased to The Learning Experience (TLE) on a new 20-year NNN lease. The lease features 10% rent increases every 5 years including throughout their two (2) five-year options. TLE is currently paying $492,000 annually, increasing to $541,200 in Year 6, and $595,320 in Year 11. The renewal options escalate further to $720,337 and $792,371, respectively.

Littleton MA - TLE OM - compressed

Property Facts

Sale Type

Investment

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Day Care Center

Building Size

11,000 SF

Building Class

Year Built/Renovated

2009/2022

Price

$6,880,000

Price Per SF

$625.45

Cap Rate

7.15%

NOI

$491,920

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

1.87 AC

Zoning

Parking

45 Spaces (4.09 Spaces per 1,000 SF Leased)

Frontage

175’ on Great Rd

Major Tenants

Health Care and Social Assistance
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The Learning Experience® is one of the most trusted brands in the childcare space. Founded by the Weissman family in 2002 with a passion for early childhood education and a unique approach that drives learning and development through the eyes of a child, TLE has been dedicated to providing excellence in early education and childcare for more than 20 years! The Weissman family have been developing best-in-class childcare brands for more than 40 years, establishing hundreds of centers across the globe that make children happy to learn, play, and grow! Through philanthropic efforts, innovation in curriculum and technology, and more, the Weissman family is forever dedicated to the TLE mission.