8601 Walther Blvd - Day Care Center FOR SALE


Baltimore, MD 21236
$3,350,000 USD
215-603-6914
8601 Walther Blvd, Baltimore, MD for Sale
$3,350,000 USD
Day Care Center - FOR SALE
1/6
null | 6.87% Cap Rate

8601 Walther Blvd
Baltimore, MD 21236


HIGHLIGHTS

  • Lease corporately guaranteed by Learning Care Group, operator of 1,150+ early education schools nationwide.
  • True NNN lease with 7+ years remaining and minimal landlord responsibilities.
  • 10% rent increase scheduled for December 2028.
  • New roof and HVAC installed in 2023, with a 10-year transferable roof warranty.
  • 118,000+ residents within 3 miles with $112K+ average household income.
  • Located in Walther Center, a grocery-anchored center led by Food Lion generating 500K+ annual visits.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Petite Academy | Nottingham, MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Day Care Center, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

CN

APN/PARCEL ID

11-2300003928

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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