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The Learning Experience - Frederick MD 5912 Oakcross Ln 10,000 SF Retail Building Frederick, MD 21701 $7,555,000 ($755.50/SF) 6.75% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Options To Extend |Scheduled Rental Increases | Franchise Guaranty
- Lake Linganore Town Center | Near Oakdale School Complex
- Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Nearby Developments | Rapidly Expanding Trade Area | Lake Linganore Town Center (1,133 units) | Oakdale Village
- Strong Demographics In 5-mile Trade Area
Executive Summary
• Brand new 20-year lease with 2 (5-year) options to extend
• The lease is backed by a guaranty from The Learning Experience’s largest franchisee
• The lease features 10% rental increases every 5 years and at the beginning of each option period
• The lease is backed by a guaranty from The Learning Experience’s largest franchisee
• The lease features 10% rental increases every 5 years and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2026
Price
$7,555,000
Price Per SF
$755.50
Cap Rate
6.75%
NOI
$510,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.56 AC
Zoning
MXD - Mixed Use Development
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
169’ on Meadow Road
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-605957 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,832,365 |
Property Taxes
Parcel Number
09-605957
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,832,365
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