Stan Johnson Company Brokers Sale of the Learning Experience in Frankfort, Illinois at Full Asking Price
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant property triple net leased to The Learning Experience on a long-term basis in Frankfort, Illinois. Brandon Duff and Matt Spangenberg of Stan Johnson Company exclusively marketed the property on behalf of the Chicago, Illinois and Atlanta, Georgia-based seller and procured a Florida-based 1031 exchange buyer, who paid full asking price at approximately $4.7 million.
“The Learning Experience is the nation’s fastest growing early childhood education franchise. While The Learning Experience has been around for over 40 years, it has also experienced 15 straight years of double-digit revenue growth, offering the rare combination of a long-term track record of success and unparalleled recent expansion,” said Brandon Duff, Managing Director and Partner in Stan Johnson Company’s Chicago, Illinois office. “Once buyers understand The Learning Experience story, their unique business-oriented approach, exceptional enrollment success, and track record of selecting high-quality real estate, investors are excited about the long-term hold potential TLE presents.”
Situated on 0.84 acres at 20950 South La Grange Road in Frankfort, Illinois, the property was constructed in 2020 and is a new build-to-suit location for The Learning Experience in its ongoing expansion to more than 450 locations. The property is strategically positioned along the high traffic La Grange Road corridor and benefits from the increasing demand for childcare services in one of the fastest growing suburbs in the U.S.
“The early childhood education sector has emerged from last year’s COVID-19-related shutdowns as one of the hottest, growth-oriented sectors in the net lease space,” added Matt Spangenberg, Associate Director. “We were able to capture that momentum to drive a competitive bidding environment and complete a successful transaction at the full asking price.”
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.