2031 Meadow Ln - Day Care Center FOR SALE
Pewaukee, WI 53072 |
$5,850,000 USD
650-678-7200
2031 Meadow Ln
Pewaukee, WI 53072
HIGHLIGHTS
- Brand-new 2 0-year lease featuring above market 1 1% rental increases every 5 years
- Corporate guaranty from tenant’s parent company – The Learning Experience Corp. (see below)
- 2024 build-to-suit construction with 20-year roof warranty in place
- Growing unit level enrollments (speak with Agent)
- Significant nine-figure revenues – $158.76M in FY 2023
- Affluent demos – $115K average household incomes and 105K residents in a 5-mile radius
OVERVIEW
A 20-year corporate Learning Experience featuring above market 11% rental increases every 5 years throughout the base term and options. Subject property is ideally located along the I-94 interchange (83,000+ VPD) and surrounded by numerous national retailers driving traffic to the direct trade area including Metro Market (Kroger), Walgreens, CVS, Starbucks, Culver’s, and Panda Express.
FOR SALE DETAILS
PRICE
$5,850,000 USD
PRICE/SF
$580 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.99 AC
LAND SF
43,124 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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650-678-7200
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Please correct the highlighted field(s).
650-678-7200
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
