For Sale
$7,851,852

10225 Carnoch WayBristow, VA 20136

High-yield daycare center, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a brand-new, 15,000-square-foot daycare center in Bristow, Virginia, boasting a 6.75% cap rate and a substantial net operating income (NOI) of $530,000. This fee-simple property, situated on a 1.4-acre lot at 10225 Carnoch Way, 20136, is leased to The Learning Experience under a 15-year net lease (NN) agreement commencing April 23, 2024, and expiring April 30, 2039. The lease includes two five-year renewal options, extending the potential lease term to 25 years. Rent is $530,000 annually, with a 10% increase every five years. The tenant, The Learning Experience, provides a corporate guarantee, mitigating risk. The property features a 5,000-square-foot playground, complementing the 10,000-square-foot building. Built in 2024, this build-to-suit facility showcases The Learning Experience's latest branding. The asking price is $7,851,852, representing a price per square foot of $523.46. This property offers a secure, long-term investment with significant upside potential due to the built-in rent escalations and the strong tenant's financial backing. The property is currently 100% occupied. This is a rare opportunity to acquire a high-quality, net-leased daycare center in a desirable location within the Washington, D.C. MSA.

Highlights

  • $7,851,852 asking price for a 15,000 SF retail property in Bristow, VA.
  • Net lease investment with a corporate guarantee from The Learning Experience.
  • 14.4-year remaining lease term (15-year initial lease, commencing April 23, 2024, expiring April 30, 2039), with two 5-year renewal options.
  • $530,000 annual net operating income (NOI) with a 6.75% cap rate and $523.46 price per square foot.
  • 10% rent increases every five years.

Property Details for 10225 Carnoch Way

Property type
Day care centers & nurseries, Retail properties
Square Feet
15,000 SF
Year Built
2024
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Bristow
County
Prince William
State
Virginia
Latitude
38.7340415
Longitude
-77.5807237
10225 Carnoch Way, Bristow, Virginia

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10225 Carnoch Way
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