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B+E, the first brokerage and technology platform for net lease real estate, announced the sale of The Learning Experience property located at 120 Swanson Branch Way, Franklin, TN, for $5,170,000.
The property sold at a record low cap rate for a The Learning Experience transaction in the State of Tennessee. The property is +/- 10,000 square feet and sits on +/- 2.2 acres of land. There are approximately fifteen years remaining on the lease with 12% rent escalations every five years.
“Net lease real estate assets in the Nashville MSA are in extremely high demand right now,” said Jim Ceresnak, an Associate Director at B+E. “We generated multiple offers on this property, and ultimately closed with a highly qualified buyer out of California seeking a 1031 exchange replacement property. We set a benchmark with this trade, and cap rates in this market will continue to go lower from here.”
“Net lease pricing is at the highest point I have witnessed in my career, creating great exits for sellers of Tennessee real estate,” said B+E CEO Camille Renshaw.
For more information, contact Jim Ceresnak at jceresnak@tradenetlease.com.
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County, San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
