Children’s Learning Adventure is pleased to offer qualified investors an opportunity to purchase a fee simple, single-tenant net leased investment fully occupied by Children’s Learning Adventure in Mayfield Heights, Ohio. This asset is ideal for investors seeking long-term, inflation-resistant cash flows, featuring a brand new 15-year lease commencing upon closing, two 5-year renewal periods, scheduled rent increases every 5 years and minimal landlord responsibilities.
This 14,563 square foot facility, located on a 1.60 acre lot, is prominently positioned in the dominant retail corridor that draws families from the affluent Gates Mills community. Gates Mills has a median household income of $168,100. The area has a strong white-collar workforce, with over 23,000 employees within a 1.5 mile radius. Neaby Retailers include Target, Costco, Best Buy, Marc’s, ALDI, CVS Pharmacy, Bath & Body Works, Marshalls and many more.
*All Photos or Renderings are projected and not-current representations.
Tenant Sale-Leaseback
New 15-Year Primary Lease Term
Lease Term Commencing at Close of Escrow
NNN Lease with Minimal Landlord Responsibilities
2 additional 5-Year Option Periods
Annual Rent of $495,053