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The Learning Experience 22028 Meridian E 10,000 SF Retail Building Graham, WA 98338 $7,561,500 ($756.15/SF) 6.50% Cap Rate
Investment Highlights
- Tax Free State-No Traditional Individual or Corporate State Income Tax
- 11% Rental Increases Every 5 Years and Each Renewal Option
- Fast-Growing Suburb with 15%+ Three-Mile Population Growth Since 2002 and One-Mile AHHI of +/-$135,000
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- Minimal Landlord Responsibilities (Roof & Structure – Long-Term Roof Warranty in Place)
Executive Summary
Graham is home to approximately 40,000 residents and has experienced steady population growth driven by its relatively affordable housing, strong commuter access to Tacoma and the greater Seattle metro area, and desirable semi-rural lifestyle. The area is characterized by a mix of suburban neighborhoods, acreage homes, and agricultural land, with retail development concentrated along Meridian Avenue (WA SR-161).
The offering is the perfect investment opportunity for any passive investor looking for quality real estate leased by a long-term national tenant in a fast-growing and affluent submarket with very limited real estate transaction velocity and in a state with no income taxes.
Joel Deis | Broker of Record
401 Untion St, 32nd Floor, Seattle, WA 98101
Lic # 25469 | Firm Lic # 397
CBA Office # 974500
Phone 206-826-5700
Data Room Click Here to Access
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Educational Services
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99,999 SF
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$9.99
-
Lorem Ipsum
-
Jan 0000
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,274,300 | |
| Land Assessment | $927,900 | Total Assessment | $3,202,200 |
Property Taxes
Contact the Sale Advisor
The Learning Experience | 22028 Meridian E