22028 Meridian E - Day Care Center FOR SALE


Graham, WA 98338
$7,561,500 USD
317-218-5316
22028 Meridian E, Graham, WA for Sale
$7,561,500 USD
Day Care Center - FOR SALE
1/3
null | 6.5% Cap Rate

22028 Meridian E
Graham, WA 98338


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% Rental Increases Every 5 Years and Each Renewal Option
  • Minimal Landlord Responsibilities (Roof & Structure – Long-Term Roof Warranty in Place)
  • Fast-Growing Suburb with 15%+ Three-Mile Population Growth Since 2002 and One-Mile AHHI of +/-$135,000

OVERVIEW

The Klink Group of 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% 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. Joel Deis | Broker of Record 401 Untion St, 32nd Floor, Seattle, WA 98101 Lic # 25469 | Firm Lic # 397 CBA Office # 974500 Phone 206-826-5700

FOR SALE DETAILS

PRICE

$7,561,500 USD

PRICE/SF

$756 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

R10

APN/PARCEL ID

602605-0050,602605-0060

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.