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The Learning Experience - Pickerington, OH 658 Commerce Dr 10,000 SF 4-Star Retail Building Pickerington, OH 43147 $7,111,111 ($711.11/SF) 6.75% Cap Rate
Investment Highlights
- The Learning Experience was founded in 1980 and has since grown to 450+ locations that are open or under development.
- 2026 construction with a 16-year Triple Net (NNN) Lease and limited landlord responsibilities.
- Approximately 1,200 new homes are planned or under construction in the area, the developments include Sycamore Grove, Sycamore Springs & more.
- Pickerington is a suburb located 15 miles south of Columbus, the state capital.
- Average household income is $121,886, and the population is 65,350 residents within a three-mile radius.
- 20-minute drive from John Glenn Columbus International Airport (CMH) and located on the city’s main retail corridor.
Executive Summary
We are pleased to exclusively offer for sale the 10,000 SF The Learning Experience located at 658 Commerce Dr in Pickerington, OH. This offering features a 2026 construction build-to-suit early childhood education facility secured by a 16-year Triple Net (NNN) Lease, providing limited landlord responsibilities and long-term income stability and the strength of the operator, combined with new construction and long-term lease structure, positions this asset as a stable net-leased investment.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$7,111,111
Price Per SF
$711.11
Cap Rate
6.75%
NOI
$480,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.78 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- The Learning Experience
- Educational Services
- 10,000 SF
- $48.00
- Triple Net
- Mar 2042
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| The Learning Experience | Educational Services | 10,000 SF | $48.00 | Triple Net | Mar 2042 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-11166-100 | Improvements Assessment | $0 |
| Land Assessment | $185,220 | Total Assessment | $185,220 |
Property Taxes
Parcel Number
04-11166-100
Land Assessment
$185,220
Improvements Assessment
$0
Total Assessment
$185,220
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The Learning Experience - Pickerington, OH | 658 Commerce Dr
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