The offering provides an opportunity to acquire The Learning Experience in Rohnert Park, CA. The subject property is currently under construction, and the 15-year lease will commence once the site has been delivered. The lease is enhanced by a corporate guaranty, and features two 5-year extension options, with rental escalations every five years throughout the primary term and option periods. The property benefits from over 35,000 vehicles per day from Rohnert Park Expressway and another 11,000 vehicles per day from Highway 101, making it an easily accessible location. Situated within Rohnert Park’s primary retail corridor, nearby retailers include Walmart, Target, Costco Wholesale, The Home Depot, and Safeway.
The subject property enjoys an infill location in Rohnert Park, a thriving city just south of Santa Rosa, and less than an hour north of San Francisco. The surrounding area’s demographics are favorable, with a population of over 98,000, and average household incomes that exceed $92,000 within a 5-mile radius. Rohnert Park has become a popular city in which to live and conduct business, and it’s population is expected to rise by 4.1% between now and 2021.