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Views: 27 DOM: 41 Updated: 09.12.24 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 20.0
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 escalations throughout the initial term and option periods
  • Absolute NNN lease | Xero 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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Listing Broker

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