Listed by Northmarq
$7,250,000
The Learning Experience | Washington D.C. MSA
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 1
Cap Rate 6.75%
NOI $489,500
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience
Lease Type NN+
Lease Term 15
Lease Expiration 10/31/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $725
Year Built 2021
Buildings 1
Acreage 1.910
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/01/2021
Occupancy Date 11/01/2021
Ground Lease No
Long-Term Lease | High-Growth Affluent Submarket
Marketing description
Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in The Learning Experience retail asset located at 20005 Riverside Commons Plaza, in Ashburn, Virginia. Constructed in 2021, the property is fully occupied by The Learning Experience on a long-term NN lease featuring 10% rental increases every five years. Ideally situated in one of the most affluent submarkets of Washington D.C. MSA, the immediate surrounding area features major research and medical campuses including the Janelia Research Campus, and the Inova Loudoun Hospital.
In Association With:
Will Harvey
VA Lic. #225202043
Investment highlights
- Prime Investment Opportunity | Long-Term NN Lease | 10% Rental Increases Every 5 Years & at Each of the Two, 5-Year Options | Minimal Landlord Responsibilities | Built in 2021
- Best-in-Class Tenant | Fastest-Growing Childcare Brand with 700+ Centers Open, Planned or Under Development in 36 States & Internationally
- Strong Demographics | Ideally Situated Just Off Leesburg Pike (142,000+ VPD) in a High-Growth Submarket of the Washington, D.C. MSA | Average Household Income Exceeds $201,000 within a 3-Mile Radius
- Strategic Location Near Major Employment Drivers | Less than 0.5 Miles from the Janelia Research Campus (650+ Employees) | Less than 1.5 Miles from the Inova Loudoun Hospital (210+ Beds)
- High Barriers-to-Entry Submarket | In Close Proximity to One Loudoun’s 700,000 SF Mixed-Use Town Center | Numerous New Multifamily Complexes Underway within a 1-Mile Radius
- Located in Northern Virginia’s Tech & Innovation Corridor | Loudoun County’s Dulles Technology Corridor Projected to Exceed 40 Million SF of Data Centers Once Complete | Region Supports Roughly 70% of Global Internet Traffic
Listing Contacts
Listed by Northmarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$489,500.00
$40,791.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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