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The Learning Experience, Kansas City, MO

The Learning Experience

Price $5,063,000
Cap Rate 7.25%
NOI $367,000
Lease Term 15 Years
Lease Type Net, with Tenant Responsible for All Insurance and Maintenance, Excluding Roof and Structure
Rental Increases 8% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 10,000 SF
Lot Size 0.98 Acres (42,581 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

Investment Highlights

LONG-TERM LEASE TO NATIONAL TENANT WITH BRAND RECOGNITION AND GROWTH
» New 15-year lease with two five-year options
» Scheduled rental increases during initial term and option periods, providing a hedge against inflation
» 450+ 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 nine years in a row

LOCATED IN A POPULOUS, AFFLUENT, AND GROWING KANSAS CITY MARKET
» High-traffic location with immediate access to State Route 152/Northeast Barry Road, a major east-west Kansas City thoroughfare (44,686 AADT)
» Convenient access to Interstate 35 (61,871 AADT) and Interstate 435 (40,960 AADT), greatly increasing visibility to the site
» Average annual household income of $105,992 within three miles of the location
» Population of 99,208 within a five-mile radius of the location, creating a large customer base for the site
» Projected 13 percent average annual household income increase within a one-mile radius of the site in the next five years, poising The Learning Experience and Kansas City for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Outparcel to the Plaza at Shoal Creek, a 260,000-SF, 38-store shopping center featuring anchor-tenants ALDI and J.C. Penney
» Surrounded by national retailers such as Walmart Supercenter, Target, The Home Depot, Best Buy, Kohl’s, McDonald’s, Cracker Barrel, and many more
» Four miles from Liberty Hospital (199 beds, 1,700 employees)
» Within a three-mile radius of five schools with a combined enrollment of 4,242 students
» Four miles from the Ford Kansas City Assembly Plant (7,250 employees)



Property Description

The property has a high-visibility location with immediate access to State Route 152/Northeast Barry Road, a major east-west Kansas City thoroughfare (44,686 AADT). The location also maintains convenient access to Interstate 35 (61,871 AADT) and Interstate 435 (40,960 AADT), greatly increasing visibility to the site. The property resides in a robustly affluent area, with an average annual household income of $105,992 within three miles of the location. The property benefits from a central location in a densely populated area, with 99,208 residents living within a five-mile radius of the location. The property is primed to grow along with the surrounding area, with a projected 13 percent average annual household income increase within one mile of the site in the next five years.

Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The property is an outparcel to the Plaza at Shoal Creek, a 260,000-SF, 38-store shopping center featuring anchor-tenants ALDI and J.C. Penney. The site is also surrounded by national retailers such as Walmart Supercenter, Target, The Home Depot, Best Buy, Kohl’s, McDonald’s, Cracker Barrel, and many more. The property benefits from its location four miles from the Ford Kansas City Assembly Plant (7,250 employees) and Liberty Hospital (199 beds, 1,700 employees). The location is also within a three-mile radius of five schools with a combined enrollment of 4,242 students.

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