8101 Target Side Dr | Raleigh, NC 27616
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
8101 Target Side Dr
Raleigh, NC 27616
The Learning Experience · Retail Property For Sale
Investment Highlights
- Premier Location – Dense Bedroom Community – Less Than One Block from Triangle Town Center Mall
- Rare 12% Bumps Every 5 Years plus Options – Minimal LL Duties
- Fantastic Retail Corridor – All Major Retailer within half a Mile
- 12+ Years remaining on 15 Year NNN Lease by The Learning Experience 400+ Locations
- Large Parcel with Access from Multiple Streets
- By 2026 Total Spending on Day Care and Education Expected to Increase to ~$102.9M (21% Increase)
Executive Summary
Colliers National Net Lease Group is pleased to present an opportunity to purchase a newer construction single tenant net leased asset occupied by The Learning Experience with 12+ years remaining on a 15-year lease and 12% increases every 5 years.
The subject property is run by a multi-unit operator and sits along the heavily trafficked Old Wake Road. This dense retail corridor is shadow anchored by Super Walmart, Target, and Raleigh’s preeminent mall - Triangle Town Center. Surrounding tenants also include Marshalls, Ross, Aldi, Burlington, and many others.
This is an excellent opportunity to purchase a STNL The Learning Experience with above average rental increases, in a fantastic retail corridor and minimal landlord responsibility providing true long-term passive income in the fastest growing childcare company in the Nation.
The subject property is run by a multi-unit operator and sits along the heavily trafficked Old Wake Road. This dense retail corridor is shadow anchored by Super Walmart, Target, and Raleigh’s preeminent mall - Triangle Town Center. Surrounding tenants also include Marshalls, Ross, Aldi, Burlington, and many others.
This is an excellent opportunity to purchase a STNL The Learning Experience with above average rental increases, in a fantastic retail corridor and minimal landlord responsibility providing true long-term passive income in the fastest growing childcare company in the Nation.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
9,996 SF
Building Class
B
Year Built
2019
Price
$7,723,224 CAD
Price Per SF
$773 CAD
Cap Rate
6.25%
NOI
$482,701 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.70 AC
Parking
36 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
