1288 E 15th St - Day Care Center FOR SALE


Edmond, OK 73013
$5,125,000 USD
254-716-4448
1288 E 15th St, Edmond, OK for Sale
$5,125,000 USD
Day Care Center - FOR SALE
1/8
null | 7.26% Cap Rate

1288 E 15th St
Edmond, OK 73013


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed Lease | 2023 Construction
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Trade Area | Major Surrounding Shopping Centers | Strong Tenant Presence | Nearby Elementary Schools
  • Located Along 15th Street | Centralized Location | 2023 Construction | Outdoor Playground | Excellent Visibility
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) on a NN leased, corporate guaranteed, newly built, The Learning Experience investment property located in Edmond, OK (Oklahoma City MSA). The tenant, TLE at Edmond, LLC, recently signed a brand new 15-year lease with 2 (5-year) options, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1980, The Learning Experience is among the leading providers in early childhood education and daycare with over 450 centers in operation.

FOR SALE DETAILS

PRICE

$5,125,000 USD

PRICE/SF

$513 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience | New 15 Yr Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

PUD

APN/PARCEL ID

182461010

ASK ABOUT THIS PROPERTY

John TobenNational Net Lease GroupMore Info
254-716-4448

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John TobenNational Net Lease GroupMore Info
254-716-4448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.