Silver Spring, MD - Kiddie Academy

Description:

• The tenant has 18 years remaining on an original 20-year lease with
3 (5-year) options to extend, demonstrating their commitment to the site
• 2022 remodel which features high grade materials and distinct design elements
• Lease features 2% annual rental increases throughout the initial term and during option periods
• Kiddie Academy received a 915/950 on their FUND score, which asseses credit risk and performance categories of a franchise brand
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Landlord responsibilities limited to roof, structure, and foundation
• Ideal, low-management investment for a passive investor
• 2022 roof installation

• Located off the signalized, hard corner intersection of Sligo Avenue and Fenton Street, averaging 16,200 VPD
• The site is located within a densely populated residential corridor, providing a large consumer base
• There are a handful of nearby schools such as Takoma Park Middle School
(1,129-students), East Silver Spring Elementary School (901-students), Piney Branch Elementary School (626-students), and more
• Extremely dense population of 662,000 and more than 307,000 employees support the 5-mile trade area
• Residents within 5 miles of the subject property boast an affluent average household income of more than $159,000
• Location is 6 miles north of Washington D.C.’s center which has become a strong transit-oriented trade area
• The 5-mile trade area is supported by 101,320 kids under the age of 12 and over 260,000 households