The Learning Experience

10219 Dumfries Road, Manassas, VA 20110

$6,990,000

Cap Rate 6.70%

Views: 44 DOM: 92 Updated: 11.17.24 Posted: 08.21.24 Status: Active

Summary

Price $6,990,000	Built/Renov 2023	Tenant The Learning Experience
Cap Rate 6.70%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 11,150	Lease Start 11-01-2024	#Units 1
Price/SF $626.91	Expiration 10-31-2044	Tenant Type Daycare/Education
NOI $468,300	R. Term 19.11	Ownership Fee Simple
Rent/SF $42.00	Increases 10.0%/5/yrs	Pop 5Mi 163,006
Lot/AC 0.99	Options 2/5yrs/10%	AHHI 5Mi $148,891

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

New 2023 construction
The tenant will sign a brand new 20-year lease with 2 (5-year) options to extend at the close of escrow
Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Absolute NNN lease | Zero landlord responsibilities
The lease is backed by a guarantee from TLE’s largest franchisee | Contact broker for details

Location Description

The Learning Experience is strategically located near the signalized, hard corner intersection of Dumfries Road and Hastings Drive, a major retail thoroughfare with access to 17,000 vehicles passing by daily. The property is directly across from a shopping center featuring well-known national tenants such as Habitat for Humanity, Domino’s Pizza, and a McDonald’s outparcel. Additionally, it is...

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Key Features

New construction
Major thoroughfare
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Absolute NNN
Personal guarantee

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Links

The Learning Experience Wikipedia Manassas, Virginia Zip Code 20110 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Learning Experience
Guarantor:Franchisee
Company:Franchisee
# Units:1
Stock:Private

About Tenant

The Learning Experience is an early childcare chain that develops and implements ground-breaking care and early childhood education programs throughout the country. TLE is one of America’s...

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Listing Broker

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