For Sale
$7,036,593

1403 Plaza DrHighlands Ranch, CO 80129

High-yield, net-lease daycare; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a 10,000-15,000 square foot, brand-new, build-to-suit daycare center in Highlands Ranch, Colorado, leased to The Learning Experience (TLE) under a 15-year net lease commencing July 18, 2024, and expiring June 30, 2039. The property boasts a 6.75% cap rate and a strong NOI of $474,970. The lease includes two five-year renewal options, extending the potential lease term to 25 years. Rent increases by 10% every five years, providing significant long-term growth. TLE provides a corporate guarantee, mitigating risk. The 1.1-acre site includes a 5,000 square foot playground. This outparcel is strategically located adjacent to the ARC 470 office complex, a 598,000 square foot Class-A office space that recently underwent a $40 million capital improvement project. The property benefits from a robust demographic profile, with over 222,000 people within a five-mile radius and an average household income exceeding $144,000 within three miles. The location is approximately 12 miles from downtown Denver. This is a rare opportunity to acquire a high-quality, net-leased asset with significant long-term growth potential in a prime Colorado location. The asking price is $7,036,593. TLE will guarantee $750,000 of base rent over the first five lease years.

Highlights

  • 15-year, net-lease (NN) with minimal landlord responsibilities.
  • 10% rent increases every five years.
  • Two, five-year tenant renewal options (potential 25-year lease).
  • $750,000 base rent guarantee from The Learning Experience (TLE) over the first five years.
  • New, build-to-suit, 10,000-15,000 SF building with a 5,000 SF playground on a 1.1-acre lot.
  • Outparcel to the ARC 470 office complex (598,000 SF Class-A space); recent $40M capital improvements.

Property Details for 1403 Plaza Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
10,000 SF
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Highlands Ranch
County
Douglas
State
Colorado
Latitude
39.556182
Longitude
-105.005976
1403 Plaza Dr, Highlands Ranch, Colorado

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1403 Plaza Dr
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