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The Learning Experience 6150 Commerce Blvd 10,000 SF Retail Building Rohnert Park, CA 94928 $6,233,000 ($623.30/SF) 6.44% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Phenomenal triple net (NNN) investment opportunity to own 6510 Commerce Boulevard, a 10,000-square-foot, fully leased childcare facility.
  • Seven years left on initial term, with two 5-year options to extend with increases. Upcoming 12% rent increase.
  • Secluded position just blocks from the excellent traffic counts of over 78,674 vehicles per day along the Rohnert Park Expressway.
  • Nearby retailers include Target, Safeway, Starbucks, 24-Hour Fitness, Office Depot, PetSmart, In-N-Out Burger, The Home Depot, and Costco.
  • Strategically in Sonoma County, with over 96,381 residents making an average household income of $89,213 within a 5-mile radius of the property.

EXECUTIVE SUMMARY

Dan Gluhaich at Intero proudly presents The Learning Experience at 6150 Commerce Boulevard for sale in Rohnert Park, California. This daycare center, built in 2018, is 10,000 square feet on a 1.31-acre parcel. It is a perfect opportunity for a triple net (NNN) investment with minimal landlord responsibilities.

There are seven years remaining on the lease with two five-year options to extend, with 12% increases for both terms. There is also a 12% increase in ~2 years. The Learning Experience is the nation's fastest-growing and number-one childcare franchise, boasting over 75 years of experience in the childcare industry, with over 600 locations open or under development.

6150 Commerce Boulevard is situated blocks from the well-traveled corner of Rohnert Park Expressway and Commerce Boulevard, frequented by over 78,674 vehicles daily. Centrally located off Rohnert Park's retail corridor, this establishment is neighbored by many retail, service, dining, and lodging amenities. Multiple elementary schools surround the property for children to graduate into, including Monte Vista, John Reed, Evergreen, Marguerite Hath, Richard Crane, and the University Elementary School at La Fiesta. 6150 Commerce Boulevard presents an exceptional investment opportunity in a prime location, backed by a trusted tenant and strong community appeal.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2018
Price
$6,233,000
Price Per SF
$623.30
Cap Rate
6.44%
NOI
$401,408
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.31 AC
Zoning
C - Commercial
Parking
43 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
119’ on Commerce Blvd

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Educational Services
  • -
  • $40.14
  • Triple Net
  • -

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 - $40.14 Triple Net -

NEARBY MAJOR RETAILERS

24 Hour Fitness
Planet Fitness
Starbucks
Grocery Outlet
Safeway
Wells Fargo
Black Bear Diner
Hooters
Westamerica Bank
Olive Garden

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
143-021-082
Land Assessment
$2,122,416
Improvements Assessment
$3,332,193
Total Assessment
$5,454,609
  • Listing ID: 32619335

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 6150 Commerce Blvd, Rohnert Park, CA 94928

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