• The tenant has 19 years remaining on an original 20-year lease with 2 (5-year) options to extend
• The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option to extend
• The Learning Experience is the nation’s fastest-growing Academy of Early Education for children ages six weeks to six years old, with more than 600 centers open and a new location opening every week
• Unlike most daycares, this daycare was strategically constructed with adaptive re-use potential and can host a wide range of tenancies if needed in the future
• TLE corporately operates this center, further enhancing long-term success
• This location experienced record pre-enrollment activity. According to TLE, 162 students enrolled prior to opening which is the fastest enrollment ramp up in TLE’s history