x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

The Learning Experience, Huntersville, NC

The Learning Experience

NC, United States

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 Broker Information 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.

Contact Us About This Property

Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link