The Learning Experience - Westfield, IN_Propriété à vendre
The Learning Experience - Westfield, IN_Propriété à vendre
17415 Spring Mill Rd, Westfield, IN, 46074, US

The Learning Experience - Westfield, IN

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire the corporately guaranteed, build-to-suit The Learning Experience located at 17415 Spring Mill Rd in Westfield, IN (the “Property” or “Asset”). The Learning Experience Academy of Early Education (the “Tenant”) is one of the largest and fastest-growing childcare and early education companies in the country with over 315 locations open and 250 new locations in various stages of development.


The lease features a corporate guaranty from The Learning Experience Corp. (the “Guarantor”) for the initial ten years of the term, providing greater financial security to the rental cash flows. The childcare and early education industry is projected to grow at an annual rate of 5.0% over the next five years due to the rising population of young children as well as the societal shift that has sent more parents into the workforce.


The Asset is located 20 minutes north of downtown Indianapolis adjacent to a Meijer grocery store that sees over 1.2 million visitors annually. Westfield is a highly affluent city with 100.4% population growth over the last decade in a 1-mile radius and residents boasting average household incomes of nearly $125,000. Westfield has been named one of the “Top Ten Places to Raise a Family” by Family Circle Magazine and has consistently been recognized as one of the best places to live in Indiana and the country.


The Asset occupies a strategic position on the corner of Spring Mill Rd and W 176th St, with direct exposure to over 28,000 vehicles per day. Nearby is Westfield School district, one of the fastest growing districts in Indiana with a current enrollment over 7,800+ students, a 98.4% graduation rate and an 86% college attendance rate.


The Offering provides investors with the opportunity to acquire 20-years of passive cash flow from a global tenant with 11.0% inflation-hedging rent escalations every 5-years during the primary lease term and throughout all two, 5-year options. 


BOR: Steve Schwegman - License # IN - RB14042704

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Attributs

Prix demandé
6 967 000 $
Taux de capitalisation
7,15 %
RNI
499 000 $
Superficie du bâtiment nette
929 mètres carrés
Année de construction
2023

Média

Points forts de l'investissement

  • Brand new 20-year corporately guaranteed net lease with 11.0% rent increases offers secure and growing long-term cash flow 
  • The Learning Experience is one of the largest and fastest-growing childcare and early education companies in the country with over 315 locations
  • Early education and childcare industry is projected to grow at an annual rate of 5.0% over the next five years
  • 100.4% population growth since 2010 and avg. household incomes of $125,000 within a 1-mile radius
  • Westfield is the #6 Fastest Growing City in America and #1 in Indiana (U.S. Census Bureau)
  • Westfield School District is one of the fastest growing districts in Indiana with a 98.4% graduation rate and 86% college attendance rate
The Learning Experience - Westfield, IN 4_Propriété à vendre

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The Learning Experience - Westfield, IN (0 Propriétés)
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Dernière mise à jour
16 mai 2024