1220 Alverser Dr - Day Care Center FOR SALE


Midlothian, VA 23113
$1,595,000 USD
202-286-1542
1220 Alverser Dr, Midlothian, VA for Sale
$1,595,000 USD
Day Care Center - FOR SALE
1/6
null | 6.02% Cap Rate

1220 Alverser Dr
Midlothian, VA 23113


HIGHLIGHTS

  • 5+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Adjacent to Midlothian Depot - $100M+ Whole Foods Anchored Development Project
  • Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Chesterfield Towne Center | Johnston-Willis Hospital
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• 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.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Childtime Learning Centers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

CROSS STREETS

Old Buckingham RD

LAND ACRES

0.8 AC

LAND SF

34,857 SF

ZONING

O2

APN/PARCEL ID

739-70-90-29-200-000

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.