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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.

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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