12008 Old Salem Church Rd
Fredericksburg, VA 22407

Marcus & Millichap, on behalf of ownership is pleased to exclusively offer this newly renovated Children of America located in Fredericksburg, Virginia, an affluent, rapidly growing suburb of Washington, DC. In June of 2018 the tenant demonstrated their strong commitment to this location and extended the term of their lease for an additional 5-years with plans to renovate and remodel the facility. There are currently nearly 11-years of term remaining on a corporately guaranteed lease with attractive annual rental increases (see rent schedule). To the investors benefit, the tenant has no options remaining to renew the lease. The property consists of an 8,500 square foot building on a 2.40-acre parcel of land which is zoned, approved, and permitted for two additional office buildings to be constructed; one 9,000 square foot building and one 7,000 square foot building. Children of America, Incorporated, founded in 1999, operates more than 60 locations across Delaware, Illinois, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin. The Children of America is strategically located on Old Salem Church Road in a dense retail pocket that has a combined average traffic count of 80,000 vehicles per day on Plank Road and Old Salem Church Road. Further the site is directly across the street from the Old Salem Church Park and Ride that has 670 parking spaces and Salem Elementary School making it a convenient “workbound” drop-off location. Investors will specifically note the lack of regional chain competition in the market which has aided in healthy enrollment numbers. The property is surrounded by a synergistic mix of retailers including Arby’s, Advance Auto Parts, Regency Furniture, Chick-fil-A, Wells Fargo, ZIPS Dry Cleaners, CVS, Weis Markets, ALDI, Tractor Supply, AutoZone, and many others. Further, the property benefits from regional accessibility, as it is only 1.5 miles from Interstate-95. Fredericksburg is located approximately 50 miles south of Washington, DC and 50 miles north of Richmond, Virginia. Spotsylvania County has experienced tremendous growth in recent years. Since 2000 the population within the county has increased by 46% and is predicted to increase by an additional 20% by 2030. Further, Fredericksburg is amongst the top 3 fastest growing cities in the state of Virginia.