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The Learning Experience 2220 64th SW st 10,000 SF Retail Building Byron Center, MI 49315 $6,835,250 CAD ($683.53 CAD/SF) 7% Cap Rate
Investment Highlights
- 15 Year initial base term lease
- Brand new construction- estimated completion December of 2023
- 8% rental increases every 5 years
- Two 5-year options to extend
- Sellers Preference is to close on property 12 months after tenant begins occupancy
- The Learning Experience is Americas #1 fastest growing child care franchise
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$6,835,250 CAD
Price Per SF
$683.53 CAD
Cap Rate
7%
NOI
$478,413 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.96 AC
Zoning
Commerical - Commercial Zoned District
Frontage
200’ on 64th Street Southwest
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-21-03-302-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $337,661 CAD |
Property Taxes
Parcel Number
41-21-03-302-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$337,661 CAD
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The Learning Experience | 2220 64th SW st
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