The Learning Experience 6150 Commerce Blvd 10,000 SF Retail Building Rohnert Park, CA 94928 £4,695,942 (£469.59/SF) 6.44% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Phenomenal triple net (NNN) investment opportunity to own 6510 Commerce Boulevard, a 10,000-square-foot, fully leased childcare facility.
- Seven years left on initial term, with two 5-year options to extend with increases. Upcoming 12% rent increase.
- Secluded position just blocks from the excellent traffic counts of over 78,674 vehicles per day along the Rohnert Park Expressway.
- Nearby retailers include Target, Safeway, Starbucks, 24-Hour Fitness, Office Depot, PetSmart, In-N-Out Burger, The Home Depot, and Costco.
- Strategically in Sonoma County, with over 96,381 residents making an average household income of $89,213 within a 5-mile radius of the property.
EXECUTIVE SUMMARY
There are seven years remaining on the lease with two five-year options to extend, with 12% increases for both terms. There is also a 12% increase in ~2 years. The Learning Experience is the nation's fastest-growing and number-one childcare franchise, boasting over 75 years of experience in the childcare industry, with over 600 locations open or under development.
6150 Commerce Boulevard is situated blocks from the well-traveled corner of Rohnert Park Expressway and Commerce Boulevard, frequented by over 78,674 vehicles daily. Centrally located off Rohnert Park's retail corridor, this establishment is neighbored by many retail, service, dining, and lodging amenities. Multiple elementary schools surround the property for children to graduate into, including Monte Vista, John Reed, Evergreen, Marguerite Hath, Richard Crane, and the University Elementary School at La Fiesta. 6150 Commerce Boulevard presents an exceptional investment opportunity in a prime location, backed by a trusted tenant and strong community appeal.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Educational Services
- -
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$9.99
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Lorem Ipsum
- -
The Learning Experience® is one of the most trusted brands in the childcare space. Founded by the Weissman family in 2002 with a passion for early childhood education and a unique approach that drives learning and development through the eyes of a child, TLE has been dedicated to providing excellence in early education and childcare for more than 20 years! The Weissman family have been developing best-in-class childcare brands for more than 40 years, establishing hundreds of centers across the globe that make children happy to learn, play, and grow! Through philanthropic efforts, innovation in curriculum and technology, and more, the Weissman family is forever dedicated to the TLE mission.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Educational Services | - | $9.99 | Lorem Ipsum | - |
ABOUT PETALUMA - ROHNERT PARK
Situated south of Santa Rosa in the heart of Sonoma County, the Petaluma and Rohnert Park markets are expanding along with the growing Bay Area economy. Sonoma County is a world-renowned wine region, attracting tourists from around the world to the hundreds of lush vineyards and wineries in the area. The economic effects of the wine industry are far-reaching, supporting regional employment across a number of industries, including the hospitality and retail sectors. In Rohnert Park, the popular Sonoma State University with over 8,000 full-time students provides an additional draw for visitors to the region.
Commuting options from Santa Rosa to Marin County and into downtown San Francisco include State Route 101 and the new Sonoma Marin Area Rail Transit (SMART) train, making travel from the relatively affordable area to many of the major Bay Area job centers. Enhanced transportation options and housing affordability bode well for future population growth in the region, further boosting demand for local shopping and entertainment destinations.
Many of the region’s retail properties are located along State Route 101, the connecting force in the market. Residents, commuters, and tourists alike are drawn to shops and restaurants located along its path through the area. In Rohnert Park, many Sonoma State students live off-campus in housing around the city, providing a particularly robust base for retail demand. In Petaluma, a thriving downtown and appealing waterfront area along the Petaluma River is home to a multitude of shops, bars, and restaurants.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Burger King | - | - | 4 min walk |
| Popeye's Louisiana Kitchen | - | - | 4 min walk |
| Black Bear Diner | - | - | 5 min walk |
| Starbucks | Cafe | £ | 5 min walk |
| Jack In The Box | - | - | 5 min walk |
| Terry's Southern Style Fish & BBQ | Seafood | ££ | 5 min walk |
| Kyoto Restaurant | Japanese | ££ | 6 min walk |
| Chipotle | - | - | 7 min walk |
| Panera Bread | - | - | 8 min walk |
| Starbucks | Cafe | £ | 8 min walk |
RETAIL |
||
|---|---|---|
| Dollar Tree | Dollar/Variety/Thrift | 6 min walk |
| 24 Hour Fitness | Fitness | 8 min walk |
| Grocery Outlet | Supermarket | 8 min walk |
| CVS Pharmacy | Drug Store | 8 min walk |
| The UPS Store | Business/Copy/Postal Services | 8 min walk |
| Supercuts | Salon/Barber/Spa | 9 min walk |
| United States Postal Service | Business/Copy/Postal Services | 9 min walk |
| Bank of America | Bank | 10 min walk |
| My Salon Suite | Salon/Barber/Spa | 11 min walk |
| Planet Fitness | Fitness | 12 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
102 rooms
3 min drive
|
| Tapestry Collection by Hilton |
135 rooms
4 min drive
|
| DoubleTree by Hilton |
245 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 143-021-082 | Improvements Assessment | £2,461,249 |
| Land Assessment | £1,567,675 | Total Assessment | £4,028,924 |
SALE ADVISORS
SALE ADVISORS
