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The Learning Experience

East Northport, New York

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About the Investment:

✓ Approximately 12.5 Years Remaining In Initial Term of Lease With 12% Rental Increases Every Five Years and Two (2), Five (5)-Year Extension Options
✓ Tenant Continued to Operate All Throughout 2020
✓ Property Built For Potential Retail Redevelopment in the Future
✓ Built in 2018 | 10,000 SF Building Plus 5,000 SF Playground
✓ Located Directly on Jericho Turnpike With Over 37,000 Vehicles Per Day
✓ Located In Extremely Dense Retail Artery | 24 Hour Fitness, Home Depot, Stop & Shop, Trader Joe’s, Staples, AMC, Bed Bath & Beyond, Dick’s Sporting Goods, Dollar Tree, CVS, Walgreens, McDonald’s, Panera, Starbucks, and Many More
✓ Convenient Day Care Location | Within Three-Mile Radius of Several Schools | Elwood Middle School, John Glenn High School, Cedar Road School, Burr Intermediate School, Commack High School, North Ridge Primary School, Commack Middle School | 6,000+ Students
✓ Outstanding Demographics With Average Household Income Exceeding $150,000 within a One-Mile Radius and Population Exceeding 215,00 within a Five-Mile Radius
✓ Strong Real Estate Fundamentals | Within 45 Miles of New York City
✓ Less Than Seven Miles from Huntington Hospital | 371 Beds | One of the Top-Ranked Hospitals in NY by U.S. News & World Report’s 2016-2018 Best Hospitals List
✓ Less Than Five Miles from Largest Employer in the Area | American Capital Partners, LLC |3,750 Employees

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

Cap Rate:
Annual Rent:
3084 Jericho Turnpike, East Northport, New York 11731
Property Type:
Net-Leased Education
Lease Type:

Original Lease Term:
15 Years, 2 Months
Lease Commencement:
August 20, 2018
Lease Expiration:
October 19, 2033
Lease Term Remaining:
+/- 12.5 Years
Rental Increases:
12% Every Five (5) Years
Lot Size:
+/- 1.37 Acres
Building Size:
10,000 SF
Year Built:
The Learning Experience

Broker of record

John Kreuger

License: 10311205789

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