1403 Plaza DrHighlands Ranch, CO 80129

Property Details for 1403 Plaza Dr

Lot size

1.10 AC

Property size (Sq ft)

10,000 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

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.

Location Insight

City

Highlands Ranch

County

Douglas

State

Colorado

Latitude

39.5562

Longitude

-105.006

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