The Learning Experience
Bristow, VA
Key Details
| Price: | $7,851,852 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $530,000 |
| Address: | 10225 Carnoch Way, Bristow, Virginia 20136 |
| Property Type: | Specialty |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 4/23/2024 |
| Lease Expiration: | 4/30/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.40 Acres |
| Building Size: | 10,000 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a The Learning Experience located at 10225 Carnoch Way, Bristow, Virginia 20136. The site consists of roughly 10000 rentable square feet of building space on an estimated 1.4-acre parcel of land. This The Learning Experience is subject to a 15-year Double Net (NN) lease, which commenced 4/23/2024. The current annual rent is $530,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Long-Term, 15-Year Double-Net (NN) Lease with Minimal Landlord Responsibilities
- 10% Rental Increases Occurring Every Five Years
- Two, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
- Above Market Guaranty for TLE | TLE will Guarantee $1,000,000 of Base Rent Over the First Five Lease Years
- Property Benefits from a Brand-New, High-Quality, Build-to-Suit Building, Implementing TLE’s Latest Branding | Includes a 5,000 SF Playground Area
About the Location
- Strong Academic Presence | Located within One Mile of Patriot High School, EH Marsteller Middle School, and Cedar Point Elementary School | Over 4,300 Students Enrolled
- Extremely Affluent Community | Average Household Income Exceeds $177,400 for Homes within a Three-Mile Radius of the Subject Property
- Robust Demographics | More than 300,000 Individuals Reside within a 10-Mile Radius of the Subject Property
- Heavily Trafficked Area | Over 21,000 Vehicles Per Day Along Sudley Manor Drive
- Median Age within a Five-Mile Radius of the Subject Property is 35.5 | Ideal for Early Education
About the Tenant/Brand
- Operating for Over 40 Years, The Learning Experience has Become the Nation’s Fastest-Growing Childcare Franchise with Over 600 Locations Operating or Under Development Across the Nation
- The Learning Experience was Ranked the #1 Childcare Franchise on Entrepreneur Magazine’s Franchise 500 List for 2023
- The Learning Experience Reported Over $574 Million in Sales in 2022, Reflecting a 55.8% Percent Increase from 2021
- E-Commerce Resistant & Growing Industry | Market Size (Measured by Revenue) of the Early Childcare Industry is Valued at $60.8 Billion and is Expected to Increase at a Compound Annual Growth Rate of 3.9%, Reaching $73.8 Billion in 2027
Key Details
| Price: | $7,851,852 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $530,000 |
| Address: | 10225 Carnoch Way, Bristow, Virginia 20136 |
| Property Type: | Specialty |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 4/23/2024 |
| Lease Expiration: | 4/30/2039 |
| Lease Term Remaining: | 14.4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.40 Acres |
| Building Size: | 10,000 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
David Weber
dweber@nnnpro.com
License: VA: 0225099500 | MD: 574119 | DC: SP98363183
Ken Tamres
ktamres@nnnpro.com
License: VA: 0225205054
Luke Babcock
lbabcock@nnnpro.com
License: NY: 10401387024
Broker of Record
Brian Brockman
Bang Realty, Inc
License: 225245999
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.