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Views: 99 Updated: 11.14.24 Posted: 04.20.24 Status: Inactive 11.14.24

Summary

Price $7,305,000
Built/Renov 2004/2022
Tenant Kiddie Academy
Cap Rate 6.25%
Lease Type Double NN
Guarantor Franchisee
Size/SF 13,164
Lease Start 03-02-2022
#Units 339
Price/SF $554.92
Expiration 03-31-2042
Tenant Type Daycare/Education
NOI $456,528
R. Term 17.4
Ownership Fee Simple
Rent/SF $34.68
Increases 2.0%/1/yrs
Pop 5Mi 662,520
Lot/AC 0.59
Options 3/5yrs/2%
AHHI 5Mi $159,740

Lease Highlights

  • Kiddie Academy has 17+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Landlord responsibilities limited to roof, structure & foundation | New roof 2022
  • Lease is personally guaranteed

Location Description

Kiddie Academy is strategically located at the signalized, hard corner intersection of Sligo Avenue and Fenton Street, with access to a combined daily traffic count of 16,200 vehicles. Situated within a densely populated residential corridor, it is surrounded by a cluster of nearby schools, including Takoma Park Middle School, East Silver Spring Elementary School, Piney Branch Elementary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kiddie Academy
  • Guarantor:Franchisee
  • Company:Kiddie Academy
  • # Units:339
  • Stock:Private

About Tenant

Kiddie Academy Educational Child Care is one of the leading childcare franchise providers in the United States. Kiddie Academy is a nationally recognized provider of comprehensive educational...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 41,129 254,469 672,787
2023 Total Population : 40,004 251,451 662,520
2023 Employed Civilian Pop : 26,933 143,831 384,364
2023 Total Businesses : 2,620 7,286 21,944
2023 Average Household Income : $ 138,157 $ 150,587 $ 159,740
2023 Total Consumer Spending : $ 2341 M $ 11932 M $ 35376 M
2023 Median Age : 38 38 37
2023 Total Households : 19,878 93,014 260,764
2023 Pop Age 25+: Bachelor's Degree : 9,586 40,855 115,919
2023 Average Home Value : $ 728,291 $ 699,416 $ 770,449
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sligo Ave Grove St 2012 5,660 0.09 mi
Sligo Ave Mayor Ln 2012 5,660 0.13 mi
Fenton St Thayer Ave 2020 8,832 0.13 mi
Sligo Avenue Selim Rd 2018 5,390 0.15 mi
US 29 Georgia Ave 2020 31,861 0.17 mi
MD 410 Fenton St 2020 11,693 0.19 mi
Burlington Ave Philadelphia Ave 2018 14,001 0.23 mi
Fenton St Easley St 2012 10,450 0.25 mi
Philadelphia Ave Chicago Ave 2008 13,410 0.27 mi
Sligo Ave Chicago Ave 2020 4,502 0.27 mi

Listing Broker

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