The Learning Experience, a chain of day care centers, plans to add eight locations across the region in the next two years.<\/p>\n
The Deerfield Beach-chain plans a total of 20 new centers in Florida, each of which will be 10,000 square feet and include a 5,000-square-foot playground.<\/p>\n
The local centers are planned for Zephyrhills, Lakeland, Lutz, Spring Hill, Land \u2018O Lakes, Palmetto, North Port, Fort Myers and Estero.<\/p>\n
The sites have all been chosen and are in varying stages of the permitting and building process, a spokesperson says.<\/p>\n
According to a statement, when looking where to place a new center The Learning Experience\u2019s real estate team looks at daytime population of the surrounding area; traffic patterns; population of children ages 6 and under in a 1-, 3- and 5-mile radius; and average household incomes within those same areas.<\/p>\n
The company\u2019s real estate development page on its website says that it\u2019s built-to-suit requirements include freestanding outparcels with 40 parking spaces on 1-acre to 2-acre parcels. The lease term is 15 years plus options.<\/p>\n
\u201cNet lease real estate investors remain attracted to the early learning sector\u2019s recession-resistant nature, high-quality real estate, long lease terms and escalating demand, and to the value of creditworthy large operators like The Learning Experience as tenants,\u201d the chain says in the statement.<\/p>\n
When opened, each center employs 30, including teachers, and have up to 180 students from 6 weeks of age to 6 years old.<\/p>\n
The Learning Experience, according to its website, currently has more than 600 centers open or in development.<\/p>\n
It operates both franchise- and corporate-owned location.<\/p>\n
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