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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
PROPERTY TAXES
| Parcel Number | 41-21-03-302-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $247,000 |
PROPERTY TAXES
Parcel Number
41-21-03-302-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$247,000
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The Learning Experience | 2220 64th SW st
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