Childtime Learning Center - Waldorf, MD | 78 Industrial Park Dr
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Childtime Learning Center - Waldorf, MD 78 Industrial Park Dr
7,230 SF Retail Building Waldorf, MD 20602 $1,995,000 ($276/SF) 6.29% Cap Rate
Investment Highlights
- Ideal, management-free investment for an out-of-state, passive investor
- 29 miles to Washington DC and 52 miles to Fredericksburg, allowing for an easy commute to and from each trade area
- Located off Crain Hwy (61,500 VPD), a major commuter thoroughfare serving Waldorf and the surrounding trade areas
- More than 99,000 residents and 33,000 employees support the trade area
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,230 SF
Building Class
C
Year Built
1988
Price
$1,995,000
Price Per SF
$276
Cap Rate
6.29%
NOI
$125,481
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
1.58 AC
Zoning
RO
Frontage
107 FT on Industrial Park Dr
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-168515 | Improvements Assessment | $986,500 |
| Land Assessment | $471,500 | Total Assessment | $1,458,000 |
PROPERTY TAXES
Parcel Number
06-168515
Land Assessment
$471,500
Improvements Assessment
$986,500
Total Assessment
$1,458,000
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Andrew Fallon -
Philip Wellde -
SRS Real Estate Partners
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Childtime Learning Center - Waldorf, MD | 78 Industrial Park Dr
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