The Learning Experience,
Huntersville, NC Investment Summary
| Price | $3,100,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 17 Years |
| Lease Type | |
| Rental Increases | Yearly rent increases of 2% |
| Year Built | 2011 |
| Building Size | 10,995 SF building plus 9,500 SF playground |
| Lot Size | 1.315 Acres (57,281.4 SF) |
| Status | Sold |
| Lead Brokers | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM NNN LEASE WITH SCHEDULED RENT INCREASES
» 17-year lease
» NNN lease creates a low-management investment
» 2% yearly rent increases provide a hedge against inflation
NATIONAL TENANT WITH STRONG FINANCIALS
» 200+ locations in 18 states
» Tenant experienced 210% increase in 5-year system-wide revenue growth and is one of the fastest growing franchises in its industry
» Ranked in the Franchise 500 five years in a row
ROBUST DEMOGRAPHICS AND CUSTOMER BASE
» Huntersville is one of the United States’ fastest growing suburbs
» Located near a number of schools, providing a large customer base for before and after school services
» Median household income of $131,438 within a 1-mile radius, significantly higher than national and regional averages
» Over 80% of Huntersville residents commute more than 10 miles to work, providing high-demand for daycare need
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is located just off of the intersection of Sam Furr Road, which has a traffic count of 18,850 vehicles a day, and Old Statesville Road, which has a traffic count of 15,265 vehicles in front of the site. Interstate 40 is about a mile and a half away from the property, with a traffic count of 95,000 vehicles per day. A number of major national retailers are near the property; CVS Pharmacy is located at the intersection of Sam Furr Road and Old Statesville Road, and Northcross Shopping Center, a 667,697 square foot shopping center with major national retailers including Lowe’s, Kohl’s, Target, Petco, HomeGoods, Marshalls, and Staples, is a mile from the property. The property is close to a number of community gathering places; Lake Norman, a major draw for tourism in the area, is 5 miles away, and North Mecklenburg Park, a 98-acre community park, is located across the street. Northstone Country Club, a 237-acre private country club, is also located next to the property. A number of educational institutions are found within a five-mile radius of the property, including Thunderbird Preparatory Academy, Lake Norman Charter School, Grand Oak Elementary School, and Blythe Elementary School.
