2461 Wisconsin Ave NW - Day Care Center FOR SALE


Washington, DC 20007
$13,156,367 USD
404-923-1381
2461 Wisconsin Ave NW, Washington, DC for Sale
$13,156,367 USD
Day Care Center - FOR SALE
1/3
null | 6% Cap Rate

2461 Wisconsin Ave NW
Washington, DC 20007


HIGHLIGHTS

  • KinderCare’s corporately-guaranteed NNN lease features ±12.6 years of term remaining with 3% annual rent increases throughout the term & options.
  • In total, there are 13.5 MSF of retail, 120 MSF of office, and 80,394 multifamily units within a 3-mile radius.
  • Within a 1-mile radius of the site, the property is surrounded by a population of 35,459, average household income of $193,739, and 16,453 households.
  • Washington D.C. is one of the five most coveted MSA’s in the U.S. for commercial real estate investment.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 11,463-square-foot KinderCare Learning Center situated on 0.167 acres in the affluent Glover Park neighborhood of Washington, D.C. (MSA Population: 6.3 Million)—the nation’s capital which is widely recognized as one of the most progressive cultural and economic powerhouses in the nation. KinderCare’s corporately-guaranteed NNN lease features ±12.6 years of term remaining with 3% annual rent increases throughout the initial term and in each of the three 5-year renewal options. The property is positioned with excellent access and visibility on a hard corner at the signalized intersection of Calvert Street (7,964 VPD) and Wisconsin Avenue (21,462 VPD). KinderCare is adjacent to the United States Naval Observatory and is across from Carillon House Apartments (485 Units), Shalom Place Hostel, FedEx Office, and Mario’s Trattoria.

FOR SALE DETAILS

PRICE

$13,156,367 USD

PRICE/SF

$1,148 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KinderCare: Washington, D.C.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,237 SF

ZONING

R-12

APN/PARCEL ID

1299-0959

ASK ABOUT THIS PROPERTY

Will PikeCBRE, Inc.More Info
404-923-1381

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Will PikeCBRE, Inc.More Info
404-923-1381

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