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EPR Properties Buys Children's Learning Adventures Bldg for $6.8M

STORE Capital Sells Net Leased Investment in Mesa
By Shane Beyer
February 26, 2014 | 4:43 P.M.

EPR Properties REIT purchased the Children’s Learning Adventures building located at 1842 S. Crimson Rd. in Mesa, AZ from STORE Capital for $6.775 million, or about $261 per square foot. The freestanding, 25,986-square-foot retail building was 100 percent leased to daycare provider Children's Learning Adventures on an absolute, triple-net lease with 1.75% increases. The center opened in 2008, bringing its total locations to 14 across the Southern US.

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