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KinderCare 923 Maple Grove Dr 14,147 SF 4-Star Retail Building Fredericksburg, VA 22407 $10,614,000 ($750.27/SF) 7% Cap Rate
Investment Highlights
- New 15-Year Net Lease to KinderCare with a Corporate Guaranty with 2% Annual Rent Increases
- Brand New 2026 Construction with Highly Functional Footprint and Ample Parking Situated within Westpark Corporate Center
- Conveniently Located Just Off Highway 3 (76,000 ADT) with Direct Access to I-95 (122,000 ADT), Connecting Fredericksburg to Washington, D.C.
- Established Tenant with Strong Local Enrollment History - Relocation from an Over-Enrolled Nearby Location
- KinderCare (NYSE: KLC) is a Leading Provider of Early Childhood Education and Care - Operated 2,700+ Sites Across 41 States and D.C.
- Desirable Washington, D.C. Metro Submarket with Affluent, Educated Demographics
Executive Summary
A brand-new KinderCare Learning Center located in the Washington, D.?C.? MSA.? The property is secured by a new 15-year net lease with a corporate guaranty from KinderCare Learning Companies, Inc.? (NYSE: KLC), annual rent increases, and no landlord responsibilities.? The location represents a relocation and expansion of an existing over-enrolled nearby KinderCare facility, providing established enrollment from within a growing Washington, D.?C.? Metro trade area.? The purpose-built 2026 construction facility totals 14,147 square feet with a 220-person capacity, dedicated outdoor playground space, and direct access to Highway 3 and Interstate 95.?
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Virginia Broker #0226032019
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Virginia Broker #0226032019
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,147 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$10,614,000
Price Per SF
$750.27
Cap Rate
7%
NOI
$743,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.34 AC
Zoning
O1 - OFFIC
Parking
92 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
130’ on Maple Grove Drive
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-A-92 | Improvements Assessment | $0 |
| Land Assessment | $582,000 | Total Assessment | $582,000 |
Property Taxes
Parcel Number
23-A-92
Land Assessment
$582,000
Improvements Assessment
$0
Total Assessment
$582,000
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