The Learning Experience 2220 64th SW st 10,000 SF Retail Building Byron Center, MI 49315 $5,000,000 ($500/SF) 7% Cap Rate

INVESTMENT HIGHLIGHTS

  • 15 Year initial base term lease
  • Brand new construction- estimated completion December of 2023
  • 8% rental increases every 5 years
  • Two 5-year options to extend
  • Sellers Preference is to close on property 12 months after tenant begins occupancy
  • The Learning Experience is Americas #1 fastest growing child care franchise

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$5,000,000
Price Per SF
$500
Cap Rate
7%
NOI
$349,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.96 AC
Zoning
Commerical - Commercial Zoned District
Frontage
200’ on 64th Street Southwest

AMENITIES

  • Air Conditioning

NEARBY MAJOR RETAILERS

McAlister's Deli
The YMCA
BIGGBY Coffee
Starbucks
Family Fare Supermarket
Huntington National Bank
Chuy's

PROPERTY TAXES

  • Listing ID: 29208141

  • Date on Market: 8/7/2023

  • Last Updated:

  • Address: 2220 64th SW st, Byron Center, MI 49315