Investment Offering
Edmond, OK - The Learning Experience
1288 E. 15th Street | Edmond, OK 73013
$5,125,000
Price7.26%
Cap Rate$371,900
NOI10,000
± SF Offering GLA2
± AC Land AreaDescription
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.
Location
The Learning Experience is strategically located along 15th Street with clear visibility and access to an average of 21,100 vehicles passing by daily. The asset benefits from direct access onto U.S. Highway 77 (40,300 VPD), Interstate 35 (76,200 VPD), and other major routes, making this a centralized location with easy access for customers and employees. The asset is ideally situated within a dense retail trade area and is within direct proximity to Spring Creek Village (99K+ SF), Edmond Plaza (140K+ SF), Edmond Crossing (174K+ SF), and other major shopping centers. The nearby national/credit tenants include Starbucks, Target, Lowe’s Home Improvement, Petco, Sam’s Club, and others. In addition, the subject is within direct proximity to numerous schools including Will Rogers Elementary, Clegern Elementary, Russell Dougherty School, Ida Freeman Elementary, and others, providing a direct consumer base. Furthermore, the property is near numerous single-family communities and multi-family complexes including Windrush (160 units), Spring Creek (252 units), Coffee Creek (256 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 132,400 residents and 59,700 daytime employees, with an affluent average household income of $122,077.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215