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Childtime Learning Centers 1220 Alverser Dr 6,348 SF Retail Building Midlothian, VA 23113 $1,595,000 ($251.26/SF) 6.02% Cap Rate
INVESTMENT HIGHLIGHTS
- 5+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
- Adjacent to Midlothian Depot - $100M+ Whole Foods Anchored Development Project
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Chesterfield Towne Center | Johnston-Willis Hospital
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• The tenant currently has 5 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 8.125% increase in April of 2026 and roughly 8% rental increases at the beginning of each option
• Learning Care Group is the second largest network of early childhood centers in the U.S., proud to support growing children, working families, and passionate educators across 40 states and in Washington, D.C.
• The lease features a 8.125% increase in April of 2026 and roughly 8% rental increases at the beginning of each option
• Learning Care Group is the second largest network of early childhood centers in the U.S., proud to support growing children, working families, and passionate educators across 40 states and in Washington, D.C.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,348 SF
Building Class
C
Year Built
1987
Price
$1,595,000
Price Per SF
$251.26
Cap Rate
6.02%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.80 AC
Zoning
O2 - Corporate Office District
Parking
19 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
152’ on Alverser Dr
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 739-70-90-29-200-000 | Improvements Assessment | $921,100 |
| Land Assessment | $272,800 | Total Assessment | $1,193,900 |
PROPERTY TAXES
Parcel Number
739-70-90-29-200-000
Land Assessment
$272,800
Improvements Assessment
$921,100
Total Assessment
$1,193,900
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Childtime Learning Centers | 1220 Alverser Dr
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