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The Learning Experience - 6.75% CAP 2830 Summer Brook St 10,000 SF Retail Building Melbourne, FL 32935 $5,037,000 ($503.70/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 year corporate lease demonstrates long-term commitment to this site
- Entrepreneur Magazine ranked TLE as the #1 child care franchise in the US where they operate over 600 locations
- Fixed 8% increases every 5 years provide a hedge against inflation and consistent rent growth
- Fee simple ownership allows for depreciation, boosting after tax returns
- Tenant self-maintains the parcel, pays taxes and insurance
- Florida has not state income tax and in 2022 ranked as the fastest growing state in the US
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicti offers for the sale of this newly constructed The Learning Experience featuring a 15 year Net Lease with 8% rental increases every 5 years. The Learning Experience has been open for business since November 2024.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
A
Year Built
2024
Price
$5,037,000
Price Per SF
$503.70
Cap Rate
6.75%
NOI
$340,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.32 AC
Zoning
C-2, Melbourne - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The Learning Experience
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The Learning Experience | - | - | - | - |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 26-37-31-30-00000.0-0004.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,600,470 |
PROPERTY TAXES
Parcel Number
26-37-31-30-00000.0-0004.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,600,470
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The Learning Experience - 6.75% CAP | 2830 Summer Brook St
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