Investment Offering
Firestone, CO - The Learning Experience
10935 Colorado Blvd | Riestone, CO 80504
$5,547,000
Price6.85%
Cap Rate$380,000
NOI10,000
± SF Offering GLADescription
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding The Learning Experience investment property located in Firestone, Colorado. The tenant, The Learning Experience Corp., recently signed a brand new 15-year lease as a build to suit development. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Location
Situated at the prominent intersection of Colorado Blvd and Firestone Blvd, boasting a combined traffic volume of 34,700 vehicles per day (VPD), The Learning Experience enjoys prime positioning opposite the bustling High Plains Marketplace. This vibrant center features a 145,000 SF King Sooper (Kroger) grocery anchored shopping center, amidst a backdrop of expansive residential and commercial developments. Additionally, Firestone Crossing, a forthcoming project directly adjacent to the property, will offer 27,500 square feet of leasable space.
Moreover, The Learning Experience benefits from its proximity to Firestone City Centre, a dynamic hub anchored by The Home Depot and American Furniture Warehouse, occupying a total area of 151,000 square feet. Recent additions to the vicinity include notable brands such as Quick Trip, Chick Fil A, Discount Tire, Bellco Credit Union, and Seven Brew, enhancing the area’s appeal and foot traffic.
The trade area, spanning 5 miles, is bolstered by a population exceeding 39,700, characterized by an affluent average household income of $134,931. Firestone stands out as one of Colorado’s fastest-growing communities, poised for an estimated 50% population surge over the next decade. Retail sales have surged twofold over the past 6 years, with this upward trajectory expected to persist well into the future.