Childtime

78 Industrial Park Drive, Waldorf, MD 20602

$1,995,000

Cap Rate 6.29%

Views: 59 DOM: 52 Updated: 08.22.24 Posted: 07.18.24 Status: Active

Summary

Price $1,995,000	Built/Renov 1988	Tenant Childtime
Cap Rate 6.29%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 7,230	Lease Start 10-24-2013	#Units 200
Price/SF $275.93	Expiration 10-31-2028	Tenant Type Daycare/Education
NOI $125,481	R. Term 4.1	Ownership Fee Simple
Rent/SF $17.36	Increases 0.0%/0/yrs	Pop 5Mi 99,247
Lot/AC 1.58	Options 3/5yrs	AHHI 5Mi $132,835

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Childtime has 4+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features CPI rental escalations no greater than 10% at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Childtime is strategically located on Industrial Park Circle, with access to 17,000 vehicles passing by daily. The property is conveniently situated off US Hwy 301 and is surrounded by well-known national tenants, including Big Lots, Dollar Tree, Advance Auto Parts, Harbor Freight, Rainbow, and more. Key community educational institutions in the vicinity include Benjamin Stoddert Middle...

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Key Features

Build to suit
In location for years
Dense retail corridor
Strategically located
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Corporate Guarantee
Credit rated company

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Links

Childtime Wikipedia Waldorf, Maryland Zip Code 20602 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Childtime
Guarantor:Corp Rated
Company:Learning Care Group
# Units:200
Tenant S&P: B
Moody’s: B3

About Tenant

Childtime is an educational daycare company, offering programs that range from infant care to school-age clubs. Childtime's homelike setting and safe, secure environment make Childtime centers...

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Listing Broker

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