The Learning Experience
| Price | $4,221,000 |
| Cap Rate | 7.25% |
| NOI | $306,000 |
| Lease Term | 15 Years |
| Lease Type | Net, with Tenant Responsible for all Taxes, Insurance, and Maintenance, Excluding Roof and Structure |
| Rental Increases | 8% Rental Increases Every Five (5) Years |
| Year Built | 2019 |
| Building Size | 10,000 SF Building + 4,822 SF Playground |
| Lot Size | 1.71 acres (74,604 SF) |
| Status | Available |
| Lead Broker Information | Vince Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Cushman and Wakefield Inc. LIC. # 00616335 This property is listed in conjunction with North Carolina-licensed real estate broker Stewart Realty, LLC. |
Investment Highlights
LONG-TERM LEASE WITH SCHEDULED RENTAL INCREASES
» 15-year net lease with two five-year options
» 8% rental increases every five years, providing a hedge against inflation
NATIONAL TENANT WITH BRAND RECOGNITION AND GROWTH
» Over 300 locations in 22 states
» Tenant experienced 210% increase in five-year system-wide revenue growth and is one of the fastest growing franchises in its industry
» Ranked in the Franchise 500 eight years in a row
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent access and visibility to 38,447 vehicles per day at the signalized intersection of Manchester Road and Hutchinson Road
» Manchester Road serves as Ellisville’s primary east-west transportation route, and the property is located in a dense retail corridor
» Nearby tenants include Target, Home Depot, Kohl’s, CVS, Gold’s Gym, Schnucks, Chuck E. Cheese’s, Michaels, Orangetheory Fitness, Party City, and many others
PRIME LOCATION IN WEALTHY BEDROOM COMMUNITY
» Located in Ellisville, a family-oriented community whose average residents include working executives and school-age children
» Ellisville is part of the AAA-rated Rockwood School District, St. Louis County’s largest public school system and one of the most well-known award-winning school districts in Missouri
» Average household income of $142,402 within a five-mile radius, significantly higher than national and regional averages
» Average household incomes within one- and three-mile radii exceed $120,000 and $140,000, respectively
» 129,965 residents living within five miles
» Many residents commute to St. Louis and the surrounding communities for work, providing a high demand for childcare services
Property Description
The property is conveniently located at the signalized intersection of Manchester Road and Hutchinson Road, with excellent visibility and access to 38,447 vehicles per day directly in front of the property. Manchester Road serves as Ellisville’s primary east-west transportation route, and the property is located in a dense retail corridor. Several shopping centers are within walking distance of the property, including Ellisville Square, which features Party City, Michaels, Chuck E. Cheese’s, Orangetheory Fitness, and Tuesday Morning. Other notable retailers located in the nearby area include Home Depot, Kohl’s, CVS, Gold’s Gym, Schnucks, Target, and many others.
Several schools are near the property, including Ellisville Elementary School (545students), Crestview Middle School (1,205 students), and Marquette High School (2,223 students). All of these schools are part of the AAA-rated Rockwood School District, St. Louis County’s largest public school system and one of the most well-known award-winning school districts in Missouri. The property is surrounded by affluent residential neighborhoods; 129,965 residents with and average household income of $142,402 live within five miles of the property, and average household incomes within one- and three-mile radii exceed $120,000. The property is also next to Ellisville’s two largest employers, Cooper Bussman (280 employees) and Bethesda (214 employees). Additionally, a majority of Ellisville’s workforce works outside of the home, and many Ellisville residents commute to St. Louis and the surrounding communities for work, providing a high demand for childcare services.
