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Views: 48 DOM: 97 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 19.10
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

  • 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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