Child Care
The Learning Experience | High Revenue & Profitability | Strong Enrollment
6687 Stein Way, Macungie, PA 18062
Listing Price: $4,397,000
Cap Rate
6.75%
Tenant Name
The Learning Experience
Years Remaining On Lease
10.0
Gross SF
10,003
Guarantor
Franchisee Guarantee
Rentable SF
10,003
Price/Gross SF
$439.57
Lease Type
Double Net
Rent Per Square Feet
$29.67
Investment Overview
Marcus & Millichap is pleased to bring to market The Learning Experience in Macungie, Pennsylvania.
The Learning Experience | High Revenue & Profitability | Strong Enrollment
Investment Highlights
- The Learning Experience Double-Net Lease with 10 Plus Years Remaining in Macungie, Pennsylvania (Allentown MSA)
- Minimal Landlord Responsibilities – Roof/Structure/Parking Lot Only; Roof and Siding is Under Warranty for the Next 10-25 Years
- 12 Percent Rent Increase in 2028 Increases CAP Rate by 81 bps (7.56% CAP)
- Highly Involved Franchisee: Local Owner/Operator with Decades of Childcare Experience Runs Day-to-Day Operations
- Highly Successful Center: In Business at Location for Five Years, High Enrollment, Strong Revenue and EBITDA - Contact Agent for Additional Details
- Subject Property 2022 Revenue Exceeded TLE Franchisee National Average for Seasoned Locations by 18 Percent (173 Locations)
- Ranked Approximately Top 25 Percent of All 200 Plus Seasoned Franchise and Corporate TLE Locations Nationally Based on 2022 Gross Sales; On-Pace to Maintain or Exceed in 2023
- Highly Affluent Demographics: Median Household Income of $90-99K in all Radius Rings and Average Household Income of $111-120K within all Radius Rings
Broker of Record
Financing By
Child Care
The Learning Experience | High Revenue & Profitability | Strong Enrollment
Listing Price: $4,397,000
Cap Rate
6.75%
Tenant Name
The Learning Experience
Years Remaining On Lease
10.0
Gross SF
10,003
Guarantor
Franchisee Guarantee
Rentable SF
10,003
Price/Gross SF
$439.57
Lease Type
Double Net
Rent Per Square Feet
$29.67
Investment Highlights
- The Learning Experience Double-Net Lease with 10 Plus Years Remaining in Macungie, Pennsylvania (Allentown MSA)
- Minimal Landlord Responsibilities – Roof/Structure/Parking Lot Only; Roof and Siding is Under Warranty for the Next 10-25 Years
- 12 Percent Rent Increase in 2028 Increases CAP Rate by 81 bps (7.56% CAP)
- Highly Involved Franchisee: Local Owner/Operator with Decades of Childcare Experience Runs Day-to-Day Operations
- Highly Successful Center: In Business at Location for Five Years, High Enrollment, Strong Revenue and EBITDA - Contact Agent for Additional Details
- Subject Property 2022 Revenue Exceeded TLE Franchisee National Average for Seasoned Locations by 18 Percent (173 Locations)
- Ranked Approximately Top 25 Percent of All 200 Plus Seasoned Franchise and Corporate TLE Locations Nationally Based on 2022 Gross Sales; On-Pace to Maintain or Exceed in 2023
- Highly Affluent Demographics: Median Household Income of $90-99K in all Radius Rings and Average Household Income of $111-120K within all Radius Rings
Investment Overview
Marcus & Millichap is pleased to bring to market The Learning Experience in Macungie, Pennsylvania.
Broker of Record
Financing By
