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The Learning Experience - New Construction 2605 Research Park Dr

10,000 SF Retail Building Fitchburg, WI 53711 $8,382,144 CAD ($838 CAD/SF) 7.30% Cap Rate

Investment Highlights

  • Just Opened April 2024 - Brand New 20 Yr. Corp Lease by Learning Experience - Best in Class Brand
  • Largest Corporate Guarantee in the Market ($1M) - Subsidiary of Golden Gate Capital ($20B+) CAP
  • Brand New 2024 Prototype with Play Yard - 11% Rent Bumps - 20 Yr. Roof Warranty - Strong Enrollment
  • Dense Residential Site Surrounded by Several Schools and Commercial Office Bldg. Trade Areas
  • Affluent Suburb of Madison ($165,024 HHI) - “Best Place to Live in the Midwest” 2023
  • Nation’s Fastest Growing Brand! - “Annual Franchise Top 500 List” - #1 Ranked Childcare Brand

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a single tenant triple net leased investment that is fully occupied by The Learning Experience in Fitchburg, WI. The Learning Experience, one of the Nation’s leaders in early education, is ranked no. 32 on Entrepreneur’s Franchise 500 for 2024, was ranked no.1 Childcare Franchise in 2023, and has over 500 locations in operation or under development across the United States. The brand new corporate guaranteed lease has a 20-primary term, two 5-year option period, 11% rent increases every 5 years and no landlord responsibilities providing inflation resistant cash flows for years to come. Located within the Madison MSA (population exceeding 680,000), the subject property is strategically positioned on the hard corner of Nobel Drive and Research Park Drive and is only 20 minutes from downtown Madison. The new construction 10,000 SF building on 1.75-acre parcel includes a 5,000 SF play area, 40 parking spots and multiple points of ingress/egress.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2024
Price
$8,382,144 CAD
Price Per SF
$838 CAD
Cap Rate
7.30%
NOI
$611,784 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
1.79 AC
Zoning
G4 - Agricultural
Frontage
239 ft on Research Park Drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0609-161-6715-2
Land Assessment
$564 CAD
Improvements Assessment
$0 CAD
Total Assessment
$564 CAD
  • Listing ID: 33110983

  • Date on Market: 2024-09-09

  • Last Updated:

  • Address: 2605 Research Park Dr, Fitchburg, WI 53711

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