|Gross Leasable Area (GLA)||10,000|
|Price Per Square Foot (GLA)||$326.53|
|Lot Size||1.50 acre|
Marcus & Milllchap is pleased to present a newly constructed ‘The Learning Experience’, a child development center. The subject property is located on South Falkenburg Road and US Highway 301 in Riverview, Florida. An investor will enjoy a brand new 15-year lease with 12 percent increases every five years including in each option period. Directly behind the subject property is Pavilion, a 492 single-family home community. The community is on 245 acres, built by Lennar and US Homes (also owned by Lennar). The last phase of construction was completed in 2002. The community is also a deed-restricted community, which allows for guidelines to be placed to protect the quality of the homes and not only helps the property values of the community but the surrounding areas. In addition, there are three residential communites in walking distance, making this brand new Learning Experience a soon to be staple in the neighborhood.
The Learning Experience began in 1980 with one location in Boca Raton, Florida. The unique and proprietary programs The Learning Experience offers quickly caught on and expansion soon followed. Recently the Learning Experience was recognized as the fastest growing child care and early education franchise in North America. There is a strong demand for child care. The number of families having both parents in the workforce has increased exponentially along with the need for quality child care. As stated in Entrepreneur magazine:”‘Currently, more than 70 percent of mothers with children under the age of six have jobs or careers outside the home. In comparison, only 19 percent of mothers worked outside the home in 1960. As this trend continues to grow, the latest U.S. Census bureau report estimated that 8.4 million children have no formal child care available to them.”
Riverview is located just outside of Tampa, which is the third most populous city in Florida. Tampa’s economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, government, technology, and the port of Tampa. Contributing to the success of the Tampa community is the way businesses, City government, and citizens work together to make Tampa the affluent city it is today.