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31084997
31084991

8601 Walther Blvd, Carney, MD 21236

MG
PA RS287470
CBRE - Philadelphia Suburban
MS
PA RS297166
CBRE - Philadelphia Suburban
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban
$3,350,000
87 days on market
Updated 87 days ago

La Petite Academy | Nottingham, MD

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 10,000
Cap Rate 6.87%
NOI $230,000
Occupancy 100%
Tenancy Single
Brand/Tenant La Petite Academy
Lease Type NNN
Lease Expiration 11/20/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options 3x5 Years
Price per SqFt $335
Year Built 2006
Buildings 1
Acreage 1.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Upcoming Rent Increase | Corporate Guaranty | Passive Investment

Investment highlights

Corporately Guaranteed Lease | National Early Education Operator
This La Petite Academy location is secured by a rare corporate guarantee from Learning Care Group (US), Inc., which extends throughout the entire base term and all option periods of the lease. Corporate guarantees are uncommon in the daycare sector, where most operators rely on franchisee-backed structures that are often limited to a handful of units or subject to burn-off provisions. As the second-largest for-profit provider of early childhood education in the United States, Learning Care Group operates more than 1,150 schools across 11 brands nationwide, offering meaningful credit strength and long-term stability to ownership.

Passive NNN Lease Structure | 7+ Years Remaining | Upcoming Rental Increase
The Property operates under a true triple-net (NNN*) lease with over seven years remaining on the initial 10-year term, providing stable and predictable cash flow. The tenant’s rent is scheduled to increase 10% in December of 2028. Landlord responsibilities are limited to structural components of the building and roof structure, minimizing management obligations and reducing operational exposure. The passive lease structure offers investors a passive income stream backed by an industry leading national tenant.

Recent Capital Improvements | 2023 Roof & HVAC Replacements
In 2023, the Property underwent significant capital improvements, including full roof and HVAC replacements. The new roof carries a 10-year transferable manufacturer’s warranty, limiting near-term capital expenditure risk.

Dense, Affluent Residential Consumer Base
The Property is strategically positioned within a densely populated and affluent residential corridor, surrounded by established neighborhoods, apartment communities, and local businesses that collectively create a strong, built-in customer base. More than 118,000 residents live within a three-mile radius, with average household incomes exceeding $112,000. The combination of population density and above-average incomes reflects a high concentration of dual-income households, a key demand driver for early childhood education and daycare services.

Strategic Retail Synergy | Walther Center
The Property is located within Walther Center, a grocery-anchored retail destination led by Food Lion that generates more than 500,000 annual visits according to Placer.ai. The center’s daily, necessity-driven traffic creates strong visibility and convenience for families. Complementary co-tenants include service-oriented and neighborhood retailers that reinforce consistent foot traffic and establish the Property within a stable, community-focused retail environment.

Affluent Baltimore Submarket | Nottingham, MD
Situated in Nottingham, Maryland, approximately 16 miles northeast of Baltimore, the Property benefits from its location within a well-established and affluent Baltimore suburb. The area’s strong population base and household income levels provide a large demand for childcare services, supporting long-term tenant performance and operational stability.

Excellent Regional Access & Traffic Exposure
The site offers convenient access to major regional thoroughfares, including Whitemarsh Boulevard, which sees approximately 41,312 vehicles per day, and Interstate 695, which carries roughly 130,312 vehicles per day. This strong regional connectivity enhances accessibility for commuting families throughout the trade area and supports consistent visibility and easy access to the Property.

Listing Contacts

MG
PA RS287470
CBRE - Philadelphia Suburban
MS
PA RS297166
CBRE - Philadelphia Suburban
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$230,000.00
$19,166.67/mo

Valuation Metrics

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DSCR
6.87%
Cap Rate
6.87%
ROI

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