The Learning Experience - Syracuse MSA

Investment Overview

Build-to-suit, single-tenant net lease investment featuring a 10,000 SF The Learning Experience (TLE) early education center under development at 8233 Park Ridge Path in Liverpool, NY, with delivery anticipated in Q3 2027. The property is offered at a 7.00% cap rate based on $435,000 in annual NOI and is secured by a new 20-year lease with a limited corporate guaranty, 8% rent increases every five years, and two additional five-year renewal options. The tenant is responsible for taxes, CAM, and insurance, with landlord responsibilities limited to roof and structural components. The facility will be constructed to TLE’s current prototype on 1.5 acres and will feature a dedicated outdoor playground and ample on-site parking. Located in the Liverpool/Clay submarket, the property is positioned just minutes from Micron’s planned $100 billion semiconductor development, one of the largest private investment projects in New York State history.

Investment Highlights

• 7.00% cap rate | $435,000 annual NOI | New 20-year lease with limited corporate guaranty
• 8% rent increases every five years, plus two additional five-year renewal options
• Tenant pays taxes, CAM, and insurance, with landlord responsibilities limited to roof and structure
• New 2027 construction built to TLE’s latest prototype, offering a modern, purpose-built facility with minimal anticipated capital expenditure
• TLE has approximately 490 centers open and more than 300 in development, making it one of the fastest-growing childcare brands in the country
• Located less than four miles from Micron’s planned $100 billion semiconductor campus in Clay, which is projected to generate approximately 9,000 direct jobs and up to 50,000 regional jobs
• One of three new TLE centers planned for the Syracuse market, demonstrating the brand’s long-term commitment to the region