CBRE is pleased to exclusively present for sale this 10,000 square foot La Petite Academy early childhood education facility, including a 6,525 square foot fenced playground, situated on a 1.76-acre parcel within Walther Center, a grocery-anchored retail destination led by Food Lion in Nottingham, Maryland. The Property is secured by a rare corporate guarantee from Learning Care Group (US), Inc., the second-largest for-profit provider of early childhood education in the United States, operating more than 1,150 schools across 11 brands nationwide. La Petite Academy operates under a passive triple-net (NNN) lease with over seven years remaining on the initial 10-year term and three five-year renewal options, providing stable and predictable cash flow with minimal landlord responsibilities. The lease features built-in rental growth, including a 10% increase in Year 6 and 10% increases at each renewal option, further enhancing long-term income stability.
Constructed in 2006 specifically for early childhood education use, the Property has recently undergone significant capital improvements, including full roof and HVAC replacements in 2023. The new roof carries a 10-year transferable manufacturer’s warranty, substantially reducing near-term capital expenditure risk and reinforcing the Property’s long-term physical integrity.
Strategically positioned within Walther Center, the Property benefits from strong visibility and daily necessity-driven traffic generated by Food Lion and complementary neighborhood retailers. The surrounding area features a dense and affluent residential population, with more than 118,000 residents and average household incomes exceeding $112,000 within a three-mile radius, supporting consistent demand for childcare services. The site offers excellent regional connectivity, with direct access to Whitemarsh Boulevard (41,312 vehicles per day) and nearby Interstate 695 (130,312 vehicles per day), and is located approximately 16 miles northeast of downtown Baltimore in the affluent suburb of Nottingham, providing convenient access for commuting families throughout the greater Baltimore metropolitan area.