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The Learning Experience, Ellisville, MO

The Learning Experience

Price $4,372,000
Cap Rate 7.00%
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.

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