The Learning Experience 15 Year NN Lease 17997 Shaw Rd 10,177 SF Retail Building Cypress, TX 77429 $5,511,865 CAD ($541.60 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Learning Experience Daycare in a fast growing, affluent suburb of Houston, Texas
- 61,820 people in a 3 mile radius, property is surrounded by several new subdivisions
- 75% population growth since 2010 with an average household income of $139,000
- 15 year NN lease (double net) commenced in April of 2020, 8% rent increases every 5 years - 10 year remaining on primary term
- The Learning Experience is America’s fastest growing daycare franchise and a recognized leader in the daycare
EXECUTIVE SUMMARY
-Established Learning Experience Daycare in a fast growing, affluent suburb of Houston, Texas
-Successfully operated in location since 2020
-75% population growth since 2010 with an average household income of $139,000
-15 year lease commenced in April of 2020, 8% rent increases every 5 years
-61,820 people in a 3 mile radius, property is surrounded by several new subdivisions
-Visibility and access from Shaw Road, main north/south road that connects elementary
school, middle school, and surrounding neighborhood
-TLE is America’s fastest growing daycare franchise and a recognized leader in the daycare
and early education industry—with over 500 centers open or under development
-Successfully operated in location since 2020
-75% population growth since 2010 with an average household income of $139,000
-15 year lease commenced in April of 2020, 8% rent increases every 5 years
-61,820 people in a 3 mile radius, property is surrounded by several new subdivisions
-Visibility and access from Shaw Road, main north/south road that connects elementary
school, middle school, and surrounding neighborhood
-TLE is America’s fastest growing daycare franchise and a recognized leader in the daycare
and early education industry—with over 500 centers open or under development
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,177 SF
Building Class
B
Year Built
2020
Price
$5,511,865 CAD
Price Per SF
$541.60 CAD
Cap Rate
7.50%
NOI
$413,390 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.13 AC
Zoning
None
Parking
25 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
300’ on Serene Shore Drive
PROPERTY TAXES
| Parcel Number | 0450250000076 | Improvements Assessment | $2,683,097 CAD |
| Land Assessment | $344,907 CAD | Total Assessment | $3,028,004 CAD |
