21684 Romans Dr
Ashburn, VA 20147
Everbrook Academy | Exceptional Demographics · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer for sale the fee simple interest in this Everbrook Academy located in the wealthy Washington D.C. suburb of Ashburn, Virginia. The Tenant, Everbrook Academy, is a high-end daycare facility owned by Learning Care Group, Inc., the second largest for-profit child care provider in North America and a leader in early education. The lease is guaranteed by Learning Care Group, and thus benefits from strong corporate credit from a 900-unit guarantor with several different school brands. Learning Care Group, Inc. is planning a 100+ unit roll out of the Everbrook brand over the next few years, 15-20 of which will be in the Washington, D.C. and Baltimore markets.The company notes it may see an IPO in 2018. This newly constructed location is scheduled to open in early September 2018 subject to a 15-year modified NNN lease. The lease language stipulates that Landlord is responsible for the maintenance, repair and replacement of the structural components only. The lease features 7.5 percent rental increases every five years during the base term and three, five-year option periods. While the company is privately-held, financials are available upon execution of a Letter of Intent and a Confidentiality & Non-Disclosure Agreement. Everbrook Academy is located in Ashburn, an affluent outer ring suburb of the Washington D.C. Metro. The large 1.17-acre parcel is situated at the soon to be signaled intersection of Ashburn Village Boulevard & Romans Drive. Ashburn Village Blvd. is a busy local road which connects to the nearby Dulles Greenway. The area consists of a mix of homes and commercial properties which have been developed in a planned manner prescribed by the County. Neighboring the site are new town homes with demographic reports indicating additional residential growth on the way. The proximity of this facility to the surrounding residential subdivisions is its strength. It will is very convenient for the affluent residents that live near the site (13,607 in one mile). Investors will specifically note the lack of regional chain competition in the market, which has aided the pre-sign up numbers at this location. Please reach listing agent for details. Located approximately 33 miles Northwest of Washington, D.C, Loudoun County has emerged as an affluent bedroom community. Loudoun County is the third most populous and fastest growing county in Virginia as well as the wealthiest in the country. Average household income within three miles of the Subject Property is $173,560, while population is projected to increase by nearly nineteen percent by 2021. This thriving suburban location provides the Tenant with ideal demographics as the Tenant’s model is to find locations in affluent areas with strong population growth.