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The Learning Experience | New 15 Yr Corp NN 1288 E 15th St 10,000 SF Retail Building Edmond, OK 73013 $7,154,090 CAD ($715.41 CAD/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed Lease | 2023 Construction
- Dense Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Elementary Schools
- Direct Residential Consumer Base | Affluent Community |Demographics in 5-mile Trade Area
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Along 15th Street | Centralized Location | 2023 Construction | Outdoor Playground | Excellent Visibility
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) on a NN leased, corporate guaranteed, newly built, The Learning Experience investment property located in Edmond, OK (Oklahoma City MSA). The tenant, TLE at Edmond, LLC, recently signed a brand new 15-year lease with 2 (5-year) options, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1980, The Learning Experience is among the leading providers in early childhood education and daycare with over 450 centers in operation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$7,154,090 CAD
Price Per SF
$715.41 CAD
Cap Rate
7.26%
NOI
$519,143 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.00 AC
Zoning
PUD - PUD, Planned Unit Development
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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The Learning Experience | New 15 Yr Corp NN | 1288 E 15th St
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