The Learning Experience – Riverview, FL

The Learning Experience – Riverview, FL

The Learning Experience – Riverview, FL
3770 South Falkenburg Rd
Riverview, Fl 33578

$3,265,306

Cap Rate 7.35%
Gross Leasable Area (GLA) 10,000
Price Per Square Foot (GLA) $326.53
Year Built 2014
Lot Size 1.50 acre
  •  Brand New Construction
  •  New 15-Year Lease with 12 Percent Increases Every Five Years
  •  Just off Interstate 75 and located on US Route 301
  •  Outparcel to a Publix Anchored Shopping Center
  •  Market Area Experiences an Average Household Income of $61,929
  •  The Fastest Growing Child Care and Early Education Franchise in North America
  •  Florida - No State Income Tax
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: The Learning Experience – Riverview, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

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.

For More Information, Please Contact:

James Medefind

Senior Associate
813-387-4788
james.Medefind@marcusmillichap.com