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206 Great Rd
Littleton, MA 01460
The Learning Experience · Retail Property For Sale
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.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,000 SF
Building Class
B
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
R
Parking
45 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
175’ on Great Rd
Property Taxes
| Parcel Number | LITT-000006U-000004-000003 | Improvements Assessment | $3,354,300 |
| Land Assessment | $735,900 | Total Assessment | $4,090,200 |
Property Taxes
Parcel Number
LITT-000006U-000004-000003
Land Assessment
$735,900
Improvements Assessment
$3,354,300
Total Assessment
$4,090,200
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