Davenport, FL - The Learning Experience (Hwy 17-92)

Description:

• The Learning Experience Corporate guarantees the lease for the first 6 years of the intial term
• 20 years remaining with 2 (5-year) option periods to extend
• The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The Learning Experience is a highly-ranked early education brand with over 600 centers operating or under development across 22 states
• Large 3.00 acre lot allows for long-term viability in the real estate and future repositioning or redevelopment potential
• This building was thoughtfully designed and constructed with adaptive re-use potential and can be backfilled or subdivided to host a wide range of tenancies

• The subject property is located a part of Loughman Crossing, a Publix anchored center with other tenants including Dunkin’, 7-Eleven, AT&T, Burger King, and many others
• Located in close proximity to Mater Academy Davenport, a private charter school with over 800 students
• The asset is located near the intersection of U.S. 17-92 and Ronald Reagan Parkway, which combine to average more than 52,000 vehicles passing by daily
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002Jd4XYAS