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The Learning Experience

Briarcliff Manor, New York

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About the Investment

✓ Brand-New Construction | Expected Completion in Spring 2021
✓ Long-Term, 20-Year Double-Net (NN) Lease
✓ Ten (10%) Percent Increases Every Five (5)-Years
✓ Two (2), Five (5)-Year Options
✓ Experienced, Multi-Unit Operator Throughout New York and New Jersey
✓ Corporate Guarantee | Above Market $700,000 Corporate Guarantee of Base Rent Year 1

About the Location

✓ Very Affluent Community | Average Household Income Exceeds $194,865 Within A One-Mile Radius – 19th on CNN Money’s 25 Top-Earning Towns in the U.S.
✓ Densely Populated Suburban Community | Over 19,280 Households Within A Three-Mile Radius of The Learning Experience
✓ No National Competition in the Immediate Area – Limited National Brand Child Care in Westchester County
✓ Ossining Metro-North Train Station | 3.2-Miles From The Learning Experience –One of Only Two Express Stops Along This Section of the Hudson Line
✓ Located just 30 Miles North of New York City – Express Trains Every 25-30 Minutes in Close Proximity to The Learning Experience
✓ Rare Commercial Offering | 99% of the Buildings in Briarcliff Manor are Residential | Many Homeowners Commute to Nearby New York City for Work
✓ The Village of Briarcliff Manor’s School District is Rated Fifth-Wealthiest School District in the United States and Third-Wealthiest School District in New York

About the Tenant / Brand

✓ The Learning Experience was Founded in 1980, Developing and Implementing Groundbreaking Care and Early Childhood Education Programs throughout the Country. TLE is renowned as a Provider of Primary Education Services to Infants through Kindergarteners
✓ TLE has Over 450 Locations Operating and Under Development Across the Nation
✓ Childcare Industry Revenue is Expected to Reach $52.5 Billion in 2021
✓ Foundational Childhood Education Principles Revolve around Cognitive, Physical,. And Social Components throughout their Developmental Programs

Key Details

Price:
$5,600,000
Cap Rate:
6.25%
Annual Rent:
$350,000
Address:
530 North State Road, Briarcliff Manor, New York 10510
Property Type:
Net-Leased Education
Lease Type:
NN

Original Lease Term:
20 Years
Lease Commencement:
04/01/2021
Lease Expiration:
04/01/2021
Lease Term Remaining:
20 Years
Rental Increases:
10 Percent (Every Five Years)
Lot Size:
+/- 1.0 Acre
Building Size:
10,000 SF
Year Built:
2021
Tenant:
The Learning Experience

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