10219 Dumfries Rd - Day Care Center FOR SALE


Manassas, VA 20110
$6,990,000 USD
703-787-4733
10219 Dumfries Rd, Manassas, VA for Sale
$6,990,000 USD
Day Care Center - FOR SALE
1/9
null | 6.7% Cap Rate

10219 Dumfries Rd
Manassas, VA 20110


HIGHLIGHTS

  • The tenant will sign a brand new 20-year lease with 2 (5-year) options to extend at close of escrow
  • Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • The lease is backed by a guaranty from TLE’s largest franchisee
  • Located near the signalized, hard corner intersection of Dumfries Rd and Hastings Dr (17,000 VPD)
  • Other nearby national/credit tenants include a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s, Wawa, and more
  • Proven location with a growing enrollment

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, The Learning Experience investment property located in Manassas, Virginia. The tenant will sign a brand new 20-year lease with 2 (5-year) options to extend at close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The Learning Experience is located near the signalized, hard corner intersection of Dumfries Rd and Hastings Dr. Dumfries Rd is a major retail thoroughfare serving the city of Manassas. The asset is located directly across from a 60,000+ square foot shopping center with tenants including Habitat for Humanity, Domino’s Pizza, and a McDonald’s outparcel. Additionally, the property is located in close proximity to Wellington Station, 73,000+ square foot shopping center, anchored by Giant Food. The Learning Experience currently has over 100 children enrolled, and is expected to have over 130 children enrolled by the start of 2025. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s, Wawa, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 163,000 with an average household income of $148,891.

FOR SALE DETAILS

PRICE

$6,990,000 USD

PRICE/SF

$627 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience - Manassas, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

090-01-00-41

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
703-787-4733

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Andrew FallonSRS Real Estate PartnersMore Info
703-787-4733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.