Listed by Serafin Real Estate
$14,250,000
Absolute NNN | Kindercare Learning Academies
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 21,222
Units 1
Cap Rate 6.02%
NOI $855,547
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NNN
Lease Term 15
Lease Expiration 08/31/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options 1 x 5 Years
Broker Co-Op Yes
Class A
Year Built 2007
Buildings 1
Stories 1
Acreage 2.990
Zoning I-3
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2023
Ownership Fee Simple
Absolute NNN | Kindercare Learning Academies | Creme de la Creme
Marketing description
Introducing 5003 Westone Plaza, an exceptional investment opportunity in Chantilly, VA. This impressive 21,222 SF building, built in 2007, is a secure addition to any portfolio. Zoned I-3; Industrial Light Intensity, the property is fully leased under an Absolute NNN Lease, with a 15-Year Lease that commenced on 9/1/2023. Boasting 100% occupancy and top-of the-line construction, this facility is leased to Kindercare Learning Academies, utilized as their high-end brand, Creme De La Creme. With a licensed capacity of 225 and a corporate guaranty, this opportunity is exclusively offered for sale by Seran Real Estate. Located in Fairfax County, VA, this prime property offers an excellent investment opportunity in a sought-after area.
Investment highlights
- Premium Building: The property features a 21,222 SF building, constructed in 2007 using top-of-the-line materials, ensuring durability and long-term functionality for special purpose or school use.
- Zoning & Flexibility: Zoned I-3 (Industrial Light Intensity), this property is well-suited for a wide range of uses, including educational institutions, offering flexibility for prospective investors looking for a special purpose facility.
- Long-Term Absolute NNN Lease: The building is fully leased under a 15-year Absolute NNN lease, which commenced on 9/1/2023, providing the owner with zero landlord responsibilities and a guaranteed income stream.
- Licensed Capacity: Licensed to accommodate up to 225 occupants, the property is perfectly suited for educational institutions or other high-occupancy purposes, offering scalability for expanding programs.
- Corporate Guaranty & Financial Growth: Backed by a corporate guaranty from the largest private early education provider in the country, with over 2,200 locations, the property offers secure Financial stability. Additionally, the lease includes 3% annual rent escalations for continued income growth.
- Strategic Location: Located in the Washington, D.C. Metro area, the property benefits from its prime Fairfax County position, providing excellent access to one of the nation’s most affluent and stable markets.
Listing Contacts
Listed by Serafin Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$855,547.00
$71,295.58/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Name
License
Brokerage
Name
License
Is there information that looks off?
