Child Care
The Learning Experience
12326 Pearl Rd, Strongsville, OH 44136
Listing Price: $5,874,126
Investment Overview
The Learning Experience New Construction 21-Year Triple Net Lease in Strongsville, OH (Cleveland MSA). 0.3-Mile South of Progress Business Park (1.9 Million Square Feet of Industrial Leased to 99.5 Percent Occupancy; Major Employment Hub). Within Immediate Proximity to Numerous Kid & Family-Centric Destinations,
Providing Additional Synergy & Convenience for Busy Parents. Dense & Affluent Demographics: Average Household Income of $98,000-108,000 in One/Three/Five-Mile Radii; 49,028/Three-Mile & 134,900/Five-Mile Population Counts.
The Learning Experience
Investment Highlights
- The Learning Experience New Construction 21-Year Triple Net Lease in Strongsville, OH (Cleveland MSA)
- 2025-Built; Rent Commencement of March 31, 2025
- 10 Percent Rent Increases Every Five Years of Initial Term & Options Add 23 Basis Points to CAP Rate by End of Initial Term; Nine and a Half Percent CAP in 2040
- Tenant Pays TAX/INS, also Pays Fixed CAM of $67,500 ($6.75 per Square Foot) in Year One with Five Percent Annual Increases. CAM Not Subject to Reconciliation; Likely a Profit Center to Further Increase Net Operating Income/CAP.
- Oversized 4.55 Acre Parcel | +/- 1.9 Acres of Undeveloped Land Included as Upside to Lease/Sell/Develop
- Carries Typical TLE Limited Corporate Guaranty with $850,000 Limit Over First Five Lease Years, Decreasing by 20 Percent Per Year
- Class "A" Quality Prototypical 10,000 Square Foot Building on 4.5484-Acre Lot with 5,000 Square Foot Outdoor Playground, and 41 Parking Spaces, and 180 Full-Time Enrollment Capacity
- Neighbored by Route 82 Retail Corridor (Regional Draw and Major Employment Hub with 2.8 Million Square Feet of Retail Leased to 99 Percent Occupancy – Notables Anchors include Costco & Target); and Located on Pearl Road Commercial Corridor (Walmart, Home Depot, Lowe's, MetroHealth Family Health Center, Aldi, and More)
Exclusively Listed By
Listing Price: $5,874,126
Investment Highlights
- The Learning Experience New Construction 21-Year Triple Net Lease in Strongsville, OH (Cleveland MSA)
- 2025-Built; Rent Commencement of March 31, 2025
- 10 Percent Rent Increases Every Five Years of Initial Term & Options Add 23 Basis Points to CAP Rate by End of Initial Term; Nine and a Half Percent CAP in 2040
- Tenant Pays TAX/INS, also Pays Fixed CAM of $67,500 ($6.75 per Square Foot) in Year One with Five Percent Annual Increases. CAM Not Subject to Reconciliation; Likely a Profit Center to Further Increase Net Operating Income/CAP.
- Oversized 4.55 Acre Parcel | +/- 1.9 Acres of Undeveloped Land Included as Upside to Lease/Sell/Develop
- Carries Typical TLE Limited Corporate Guaranty with $850,000 Limit Over First Five Lease Years, Decreasing by 20 Percent Per Year
- Class "A" Quality Prototypical 10,000 Square Foot Building on 4.5484-Acre Lot with 5,000 Square Foot Outdoor Playground, and 41 Parking Spaces, and 180 Full-Time Enrollment Capacity
- Neighbored by Route 82 Retail Corridor (Regional Draw and Major Employment Hub with 2.8 Million Square Feet of Retail Leased to 99 Percent Occupancy – Notables Anchors include Costco & Target); and Located on Pearl Road Commercial Corridor (Walmart, Home Depot, Lowe's, MetroHealth Family Health Center, Aldi, and More)
Investment Overview
The Learning Experience New Construction 21-Year Triple Net Lease in Strongsville, OH (Cleveland MSA). 0.3-Mile South of Progress Business Park (1.9 Million Square Feet of Industrial Leased to 99.5 Percent Occupancy; Major Employment Hub). Within Immediate Proximity to Numerous Kid & Family-Centric Destinations, Providing Additional Synergy & Convenience for Busy Parents. Dense & Affluent Demographics: Average Household Income of $98,000-108,000 in One/Three/Five-Mile Radii; 49,028/Three-Mile & 134,900/Five-Mile Population Counts.
Exclusively Listed By
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