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THE LEARNING EXPERIENCE | NEW 15-YEAR LEASE CORPORATELY GUARANTEED

$4,950,704 | 7.10%

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N58W15453 Shawn Circle
Menomonee Falls, Wisconsin 53051

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Features

  • New Construction | Built-to-Suit for The Learning Experience (TLE) in 2020 | Open and Operating
  • New 15-Year Lease with 11 Percent Rental Increases Every Five Years
    • Two, Five-Year Option Periods, Also Features 11 Percent Rental Increases
  • Lease Corporately Guaranteed by The Learning Experience Corporation
  • Operated by Sundance Kids Limited Liability Company
    • Professional Operator with Full Management Team Overseeing Individual Unit Level Operations
    • Understood to be One of the Largest Franchisee’s in the TLE System | Third Largest
      • 12 Existing Locations | Five in Wisconsin, Five in New Jersey, and Two In Pennsylvania | Plans to Expand
    • Large Balance Sheet/Net Worth
  • The Learning Experience is a Rapidly Expanding Tenant, During and After COVID, With 278 Operating Locations with Over 200 New Locations Either in Development or in the Planning Stages
    • On Track to Hit 110 Percent of Pre-COVID Numbers by September of 2021*
    • Strength of New COVID Center Pipeline is In Line with Pre-COVID Levels*
    • Continue an Average Growth Rate of Roughly Seven Percent a Month In Enrollment *
    • Reached in Excess of 90 Percent of Enrollment From Where They were in February 2020*
    • Opened Their First European Location in 2020 and Expecting Roughly 50 Locations in 2021*
    • 25 Percent of their Competition is Still not Open and May Never Open Again*
      *TLE Corporation Annual Report 2021
  • Excellent Demographics
    • 43,135 People Live Within Three Miles of Subject Property
    • Average Household Income of $130,261 Within One Mile of Subject Property
  • Situated on the Signalized, Hard-Corner Intersection of Pilgrim Road and Shawn Circle
    • 15,600 Vehicles Passing per Day on Pilgrim Road
  • Located One Mile from Kohl’s Corporate Headquarters

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Todd Lindblom

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