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The learning experience at league city
Representative Photo The learning experience at league city PROPERTY OVERVIEW 4009 Banister Lane, Suite 365 Austin, TX 78704 wytexbts.com
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CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Wytex Realty, LLC and should not be made available to any other person or entity without the written consent of Wytex Realty. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Wytex Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Wytex Realty has not verified, and will not verify, any of the information contained herein, nor has Wytex Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
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INVESTMENT HIGHLIGHTS
EXECUTIVE SUMMARY Wytex Realty, LLC, in partnership with the owners, presents the opportunity to invest in a 10,000 square foot free- standing property leased to The Learning Experience, the nation’s fastest growing childcare and early education company. Founded in 1980, The Learning Experience currently operates and franchises more than 200 locations throughout the United States, with 35+ new centers being opened each year. The NEW 16-year NNN lease includes a 5- year limited corporate guarantee which transfers to the franchisee upon expiration, allowing ample time for the location to build its enrollment and establish a successful operation. This is a trophy asset in a high growth market. Construction in Progress Nov 2016 Construction in Progress Nov 2017 Construction in Progress Nov 2016 Representative Photo INVESTMENT HIGHLIGHTS Stable Long Term Income Stream. Brand new sixteen (16) year lease with rent increases 10% every five (5) years, including options. Brand New Construction. Estimated completion in March 2018, allowing investors the opportunity to capitalize on full lease term. Customized Use. Constructed with no interior load bearing columns making it easier and more cost effective to repurpose the building for future use. Minimal Landlord Obligation. NNN lease structure; landlord is responsible for Roof and Structure only. Strategic Location/Visibility feet of frontage on FM 646; morning commute side of the road and walking distance from neighborhood elementary school. Stable Industry. American families have been trending toward dual income households, increasing the need for early education and child care services.
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PROPERTY AT A GLANCE DEMOGRAPHIC SNAPSHOT TLE LEAGUE CITY ADDRESS
2351 FM 646, Dickinson, TX 77539 COUNTY Galveston BUILDING SIZE 10,000 SF + 5,000 SF Playground LOT SIZE 1.24 AC LEASE COMMENCEMENT Estimated Q1 2018 SITE CHARACTERISTICS "Neighborhood commercial" close to big box retailers and new Town Center with mixed use development. 30' shared access driveway with IBC bank at hard corner. NEARBY TENANTS Adjacent to ICB Bank. Nearby retail center with Target, HEB, Home Depot, TJ Maxx, Walmart Supercenter, etc. DEMOGRAPHIC SNAPSHOT 1 MILE 3 MILE 5 MILE 2017 POPULATION 8,759 46,776 113,758 2017 AVE HH INCOME $103,947 $107,147 $110,611 5 YR PROJECTED GROWTH 10.96% 11.23% 11.26%
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TLE LEAGUE CITY – NET LEASE OFFERING
INVESTMENT OVERVIEW TLE LEAGUE CITY – NET LEASE OFFERING PRICE $3,857,143.00 CAP RATE 7.00% OWNERSHIP TYPE Fee Simple NOI $270,000.00 RENT INCREASES ANNUAL RENT MONTHLY RENT Year 2-5* $270,000.00 $22,500.00 Year 6-10 $297,000.00 $24,750.00 Year 11-16 $326,700.00 $27,225.00 Note: Year 1 rent consists of a graduated rent stream and is the greater of 16% of Tenants gross monthly sales or the year one schedule per the lease.
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TLE LEAGUE CITY – LOCATION
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TLE LEAGUE CITY – SITE PLAN
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THE LEARNING EXPERIENCE
4009 Banister Lane Suite 365 Austin, Texas | wytexbts.com THE LEARNING EXPERIENCE LEAGUE CITY, TEXAS PROPERTY OVERVIEW CONFIDENTIAL
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