Child Care
The Learning Experience | 2025 Construction & 20-Year Lease | $135K AHHI | No State Income Tax
22028 Meridian E, Graham (Seattle/Tacoma), WA 98338
Listing Price: $7,561,500
Investment Overview
Marcus & Millichap is pleased to present for sale The Learning Experience located in Graham, Washington, a fast-growing and affluent suburb of the Seattle-Tacoma-Bellevue, Washington MSA. The Property features a brand-new, 20-year passive lease that commenced in September of 2025 and offers 11 percent rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs.
Graham is home to approximately 40,000 residents and has experienced steady population growth driven by its relatively affordable housing, strong commuter access to Tacoma and the greater Seattle metro area, and desirable semi-rural lifestyle. The area is characterized by a mix of suburban neighborhoods, acreage homes, and agricultural land, with retail development concentrated along Meridian Avenue (WA SR-161).
The offering is the perfect investment opportunity for any passive investor looking for quality real estate leased by a long-term national tenant in a fast-growing and affluent submarket with very limited real estate transaction velocity and in a state with no income taxes.
The Learning Experience | 2025 Construction & 20-Year Lease | $135K AHHI | No State Income Tax
Investment Highlights
- Tax Free State-No Traditional Individual or Corporate State Income Tax
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- 11 Percent Rental Increases Every Five Years and Each Renewal Option
- Minimal Landlord Responsibilities (Roof and Structure – Long-Term Roof Warranty in Place)
- Fast-Growing Suburb with Over 15 Percent Three-Mile Population Growth Since 2002 and One-Mile Annual Household Income of Approximately $135,000
Exclusively Listed By
Broker of Record
-
Joel Deis
Senior Managing Director, Market Leader- Washington
Child Care
The Learning Experience | 2025 Construction & 20-Year Lease | $135K AHHI | No State Income Tax
Listing Price: $7,561,500
Investment Highlights
- Tax Free State-No Traditional Individual or Corporate State Income Tax
- 20 Year Base Lease Term with Two, Five-Year Options to Renew
- 11 Percent Rental Increases Every Five Years and Each Renewal Option
- Minimal Landlord Responsibilities (Roof and Structure – Long-Term Roof Warranty in Place)
- Fast-Growing Suburb with Over 15 Percent Three-Mile Population Growth Since 2002 and One-Mile Annual Household Income of Approximately $135,000
Investment Overview
Marcus & Millichap is pleased to present for sale The Learning Experience located in Graham, Washington, a fast-growing and affluent suburb of the Seattle-Tacoma-Bellevue, Washington MSA. The Property features a brand-new, 20-year passive lease that commenced in September of 2025 and offers 11 percent rental escalators every five years throughout the base term and renewal option periods. The tenant is responsible for common area maintenance, property taxes, & insurance costs. Graham is home to approximately 40,000 residents and has experienced steady population growth driven by its relatively affordable housing, strong commuter access to Tacoma and the greater Seattle metro area, and desirable semi-rural lifestyle. The area is characterized by a mix of suburban neighborhoods, acreage homes, and agricultural land, with retail development concentrated along Meridian Avenue (WA SR-161). The offering is the perfect investment opportunity for any passive investor looking for quality real estate leased by a long-term national tenant in a fast-growing and affluent submarket with very limited real estate transaction velocity and in a state with no income taxes.
Exclusively Listed By
Broker of Record
-
Joel Deis
Senior Managing Director, Market Leader- Washington
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
