78 Industrial Park DrWaldorf, MD 20602

For Sale
$1,995,000

Established daycare, strong lease, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple owned, 7,230 square foot Childtime Learning Center in Waldorf, Maryland. Located on 1.58 acres at 78 Industrial Park Dr, this property boasts a strong 6.29% cap rate and a substantial net operating income (NOI) of $125,481. The property features a 15-year absolute NNN lease with Childtime Childcare, a nationally recognized brand, providing a corporate guarantee and minimal landlord responsibilities. The lease, commencing October 24, 2013, and expiring October 31, 2028, has approximately 3.9 years remaining, with three 5-year renewal options. Rent increases are tied to the Consumer Price Index (CPI), with a maximum annual increase of 10%, offering inflation protection. Built in 1988, the center benefits from a high occupancy rate of 100% and serves a robust residential area with over 99,000 residents and 33,000 employees within a 5-mile radius, boasting an average household income of $132,835. The property's convenient location off Crain Highway (61,500 vehicles per day) provides excellent visibility and accessibility, situated within a thriving retail corridor and offering easy commutes to Washington, D.C. and Fredericksburg. This is a truly passive investment opportunity with significant upside potential. The property's APN is 06-168515.

Property Details for 78 Industrial Park Dr

Property type
Day care centers & nurseries, Other retail properties
Square Feet
7,230 SF
Year Built
1988
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Waldorf
County
Charles
State
Maryland
Latitude
38.608522913688
Longitude
-76.919590301273
78 Industrial Park Dr, Waldorf, Maryland

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78 Industrial Park Dr
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