KinderCare: Washington, D.C. | 2461 Wisconsin Ave NW
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KinderCare: Washington, D.C. 2461 Wisconsin Ave NW
11,463 SF Retail Building Washington, DC 20007 $13,156,367 ($1,148/SF) 6% Cap Rate
Investment Highlights
- KinderCare’s corporately-guaranteed NNN lease features ±12.6 years of term remaining with 3% annual rent increases throughout the term & options.
- 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.
- In total, there are 13.5 MSF of retail, 120 MSF of office, and 80,394 multifamily units within a 3-mile radius.
- Washington D.C. is one of the five most coveted MSA’s in the U.S. for commercial real estate investment.
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
11,463 SF
Building Class
C
Year Built/Renovated
1958/2018
Price
$13,156,367
Price Per SF
$1,148
Cap Rate
6%
NOI
$789,382
Tenancy
Single
Building Height
3 Stories
Building FAR
1.58
Lot Size
0.17 AC
Zoning
R-12
Parking
8 Spaces (0.7 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1299-0959 | Improvements Assessment | $8,140,650 |
| Land Assessment | $577,950 | Total Assessment | $8,718,600 |
PROPERTY TAXES
Parcel Number
1299-0959
Land Assessment
$577,950
Improvements Assessment
$8,140,650
Total Assessment
$8,718,600
Contacts
-
Will Pike -
Ryan Sciullo -
Brian Pfohl -
Christopher Bosworth -
Thomas Carr -
Kaitlyn Wolf -
Leah Lindell -
CBRE, Inc.
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KinderCare: Washington, D.C. | 2461 Wisconsin Ave NW
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