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Child Care

The Learning Experience

194 Bedford St, Abington, MA 02351

Listing Price: $4,750,000

Cap Rate
6.10%
Tenant Name
The Learning Experience
Years Remaining On Lease
12.7
Gross SF
11,076
Guarantor
Corporate Guarantee
Rentable SF
11,076
Price/Gross SF
$428.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.18

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to purchase the Learning Experience location at 194 Bedford St in Abington, MA. The tenant has thirteen years remaining on the lease, with two 5-year options to extend beyond that. The absolute net lease features attractive 8% rent bumps every five years and in each option period. The 10,000 SF building sits on an oversized 1.09-acre lot on Bedford St, also known as Route 18. The subject property is just up the road from the intersection of Route 18 and Route 123, a highly trafficked corner that sees more than 20,000 vehicles per day. The area is densely populated, with more than 173,000 residents within five miles of the site, and features several national and regional tenants including Lowe’s, Walmart, Dunkin’, Advance Auto Parts, Bank of America, 7-Eleven, and many more. Opened during the pandemic, this location has experienced robust demand nonetheless. All the school’s classrooms are full, and there is a list of students waiting for availability. Another two classrooms are scheduled to come online shortly, boosting profitability for a location that is already operating successfully.

Investment Highlights

  • Absolute Net lease with zero landlord responsibilities
  • Brand new build-to-suit location completed in 2019
  • 13 years of remaining lease term
  • 8% rent increases every 5 years, including in the (2) 5-year options
  • Highly trafficked area that sees more than 20,000 vehicles per day
  • Affluent community with average household income of $132,000 within a mile of the property; Highly trafficked area that sees more than 20,000 vehicles per day
  • 10,000 square foot building on a 1.09-acre lot
  • Less than a 60-minute commute from Boston and Providence

Exclusively Listed By

Financing By

Child Care

The Learning Experience

Listing Price: $4,750,000

Cap Rate
6.10%
Tenant Name
The Learning Experience
Years Remaining On Lease
12.7
Gross SF
11,076
Guarantor
Corporate Guarantee
Rentable SF
11,076
Price/Gross SF
$428.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.18

Investment Highlights

  • Absolute Net lease with zero landlord responsibilities
  • Brand new build-to-suit location completed in 2019
  • 13 years of remaining lease term
  • 8% rent increases every 5 years, including in the (2) 5-year options
  • Highly trafficked area that sees more than 20,000 vehicles per day
  • Affluent community with average household income of $132,000 within a mile of the property; Highly trafficked area that sees more than 20,000 vehicles per day
  • 10,000 square foot building on a 1.09-acre lot
  • Less than a 60-minute commute from Boston and Providence

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to purchase the Learning Experience location at 194 Bedford St in Abington, MA. The tenant has thirteen years remaining on the lease, with two 5-year options to extend beyond that. The absolute net lease features attractive 8% rent bumps every five years and in each option period. The 10,000 SF building sits on an oversized 1.09-acre lot on Bedford St, also known as Route 18. The subject property is just up the road from the intersection of Route 18 and Route 123, a highly trafficked corner that sees more than 20,000 vehicles per day. The area is densely populated, with more than 173,000 residents within five miles of the site, and features several national and regional tenants including Lowe’s, Walmart, Dunkin’, Advance Auto Parts, Bank of America, 7-Eleven, and many more. Opened during the pandemic, this location has experienced robust demand nonetheless. All the school’s classrooms are full, and there is a list of students waiting for availability. Another two classrooms are scheduled to come online shortly, boosting profitability for a location that is already operating successfully.

Exclusively Listed By

Financing By

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