78 Industrial Park Dr - Day Care Center FOR SALE


Waldorf, MD 20602
$1,995,000 USD
703-787-4733
78 Industrial Park Dr, Waldorf, MD for Sale
$1,995,000 USD
Day Care Center - FOR SALE
1/8
null | 6.29% Cap Rate

78 Industrial Park Dr
Waldorf, MD 20602


HIGHLIGHTS

  • Ideal, management-free investment for an out-of-state, passive investor
  • Located off Crain Hwy (61,500 VPD), a major commuter thoroughfare serving Waldorf and the surrounding trade areas
  • 29 miles to Washington DC and 52 miles to Fredericksburg, allowing for an easy commute to and from each trade area
  • More than 99,000 residents and 33,000 employees support the trade area

OVERVIEW

• The tenant, Childtime Childcare, has successfully operated at this location for 10+ years and has 4+ years remaining on their lease • The lease includes rental increases at the beginning of each 3 (5-year) options, generating NOI and providing an adequate hedge against inflation • Founded in 1967 as a division of Gerber Products Corporation, Childtime now has more than 200 learning centers across the country—many conveniently located in hospitals, government facilities, corporate sites, and office parks • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Located within a strong residential corridor, providing a direct consumer base to draw • $132,835 average household income

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Childtime Learning Center - Waldorf, MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

RO

APN/PARCEL ID

06-168515

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.