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Views: 170 DOM: 238 Updated: 11.11.24 Posted: 08.09.24 Status: Active

Summary

Price $9,000,000
Built/Renov 2024
Tenant The Learning Experience
Cap Rate 6.56%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 10,000
Lease Start 09-15-2024
#Units 1
Price/SF $900.00
Expiration 09-30-2044
Tenant Type Daycare/Education
NOI $590,000
R. Term 19.6
Ownership Fee Simple
Rent/SF $59.00
Increases 12.0%/5/yrs
Pop 5Mi 271,536
Lot/AC 0.23
Options 2/5yrs/12%
AHHI 5Mi $213,986

Lease Highlights

  • Brand new 2024 construction
  • New 20-year lease with 2 (5-year) options to extend
  • The lease features 12% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Center is operated by a multi-unit Franchisee with locations in Virginia & Florida

Location Description

The Learning Experience is strategically located on Fairgrounds Drive, with access to 43,000 vehicles passing by daily. Situated just off Interstate 66, the property is a 20-mile drive from both Ronald Reagan Washington National Airport and Dulles International Airport. Additionally, it is within a 5-mile radius of over 10 elementary schools and is surrounded by well-known national tenants...

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Maps

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  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 16,127 113,144 270,297
2024 Total Population : 15,246 111,437 269,224
2024 Employed Civilian Pop : 8,569 64,125 153,685
2024 Total Businesses : 1,833 5,453 11,323
2024 Average Household Income : $ 175,208 $ 202,150 $ 221,387
2024 Total Consumer Spending : $ 770 M $ 6880 M $ 17923 M
2024 Median Age : 37 36 39
2024 Total Households : 5,113 39,947 95,565
2024 Pop Age 25+: Bachelor's Degree : 3,319 26,339 65,386
2024 Average Home Value : $ 717,483 $ 818,139 $ 864,297
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Fairfax Boulevard McLean Ave 2021 31,000 0.09 mi
Fairfax Blvd McLean Ave 2010 39,000 0.11 mi
Fairfax Blvd Hallman St 2016 36,000 0.31 mi
Chain Bridge Rd Warwick Ave 2016 22,000 0.35 mi
Chain Bridge Road Jenny Lynne Ln 2021 14,000 0.36 mi
Chain Bridge Road Warwick Ave 2021 14,000 0.37 mi
Chain Bridge Road Warwick Ave 2020 12,000 0.37 mi
Chain Bridge Road Fairfax Blvd 2018 22,000 0.38 mi
Main St Keith Ave 2016 35,000 0.41 mi
Main Street Keith Ave 2021 32,000 0.41 mi

Listing Broker

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Seth Krepistman

Sands Investment Group

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  • 20 Listings
  • 2732 Views
  • 5 Sold
Elan Sieder

Sands Investment Group

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  • 19 Listings
  • 2733 Views
  • 5 Sold

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, shopping centers, retail, office, self storage and industrial transactions is unparalleled. Sa

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With over a decade of experience, Elan has handled over 650 real estate transactions. He has worked closely with tenants, family offices and developers as a strategic partner to help facilitate their growth strategies. Elan has always loved connecting with people which has made him a trustworthy partner his clients can rely on. Through developing these meaningful relationships, Elan has had the privilege to invest alongside his clients. His clients and partners fuel his tenacity and motivati

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Max Freedman

Sands Investment Group

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  • 60 Listings
  • 8594 Views
  • 12 Sold
Tom Gorman

Sands Investment Group

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  • 16 Listings
  • 2080 Views
  • 3 Sold

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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I am a Managing Director with over 15 years of experience in real estate investing and advising. Excellent in leading high-performing brokerage teams, executing complex real estate transactions, and driving significant portfolio growth for clients. Skilled in strategic planning, market analysis, mentoring and coaching, and business development strategy. Knowledgeable in tax efficient commercial real estate investment strategies as well as effective acquisition and disposition of properties. Suc

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