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The Learning Experience, St. Peters, MO

The Learning Experience

Price $4,571,000
Cap Rate 7.00% return (8.21% average cap rate)
NOI $320,000
Lease Term 15 years
Lease Type Net, with tenant responsible for all insurance, taxes, and maintenance, excluding roof and structure
Rental Increases For the first year of the lease, Tenant shall receive a rent concession and pay the greater of 16% of Tenant’s annual gross revenue or $129,333.
Year Built 2019
Building Size BUILDING SF 10,000 SF building + 4,950 SF playground
Lot Size 1.16 acres (50,530 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 WITH SCHEDULED RENTAL INCREASES
» New 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 nine years in a row

HIGH-TRAFFIC LOCATION WITH ROBUST DEMOGRAPHICS
» Excellent access and visibility to 42,014 vehicles per day at the signalized intersection of Highway 94 and Florence Drive
» Affluent area, with an average household income of $120,315 within one mile and average household incomes exceeding $100,000 within three- and fivemile radii, significantly higher than national and regional averages
» St. Charles County is the richest county in Missouri
» Large population of 161,054 within five miles of the property
» St. Charles County is one of the fastest growing counties in the country, with double-digit growth percentages in every decade since the 1970s

BEDROOM COMMUNITY WITH HIGH DEMAND FOR CHILDCARE AND EARLY EDUCATION
» Located in St. Charles County in the city of St. Peters, a family-oriented community whose average residents include working executives and school-age children
» Public school districts in St. Charles County rank in the top 25% of all Missouri districts
» Community places a high value on education; nearly 43% of all St. Charles County residents 25 years or older have a college degree
» Many residents commute to St. Louis and the surrounding communities for work, creating a high demand for childcare services



Property Description

The property is conveniently located at the signalized intersection of Highway 94 and Florence Drive, with excellent visibility and access to 42,014 vehicles per day directly in front of the property. Highway 94 serves as one of St. Charles County’s primary east-west transportation routes, and the property is in a strong retail corridor. Gold’s Gym is directly adjacent to the property, and several shopping centers featuring a healthy mix of national, regional, and local retailers are within walking distance. Notable retailers located in the nearby area include Walgreens, Target, Home Depot, Chick-fil-A, Schnucks, and many others.

Several schools are near the property, including Independence Elementary School (706 students), Bryan Middle School (914 students), and Central Elementary School and Hollenbeck Middle School (over 1,400 students). All these schools are part of St. Charles County’s highly-rated school districts, which rank in the top 25% of all Missouri school districts. The property is surrounded by affluent residential neighborhoods; the average household income within one mile of the property is $120,315, and average household incomes within three- and five-mile radii exceed $100,000. The surrounding area is also densely populated, with 161,054 residents living within five miles of the property. Additionally, a majority of the county’s workforce works outside of the home, and many residents commute to St. Louis and the surrounding communities for work, providing a high demand for childcare services.

Contact Us About This Property



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