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The Learning Experience - Owings Mills, MD 9300 Lyons Mill Rd 10,000 SF Retail Building Owings Mills, MD 21117 $5,320,000 ($532/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- The Center is Operated By One of TLE's Largest Franchisees
- Owings Mills is a Suburb NorthWest of Downtown Baltimore, MD
- 13+ Elementary Schools Within a 5-Mile Radius
- TLE Started in 1980 With 1 Center and Has Since Grown to 450+ Locations That Are Open or Under Development
- Long-Term 20-Year Lease With No Landlord Responsibilities
- Located Off Interstate 795, This Center is 25-Minute Drive to Baltimore/Washington International Thurgood Marshall Airport (BWI)
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 10,000 SF Learning Experience Located at 9300 Lyons Mill Road in Owings Mills, MD. This Deal Includes a Long-Term 20-Year Lease With No Landlord Responsibilities and a Full Seven Year Personal Guarantee From Three Principles and a One-Year Rolling Guarantee Thereafter, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
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
$5,320,000
Price Per SF
$532
Cap Rate
7%
NOI
$372,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.89 AC
Zoning
DR16
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
276’ on Lyons Mill Road
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Learning Experience
- Educational Services
- 10,000 SF
- $37.24
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Learning Experience | Educational Services | 10,000 SF | $37.24 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $69,500 | Total Assessment | $2,391,833 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$69,500
Improvements Assessment
$0
Total Assessment
$2,391,833
CONTACTS
-
Seth Krepistman -
Jason May -
Elan Sieder -
Max Freedman -
Sands Investment Group Austin, LLC
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The Learning Experience - Owings Mills, MD | 9300 Lyons Mill Rd
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