Fredericksburg, VA - The Learning Experience
$5,743,000
5010 Spotsylvania County Pkwy, Fredericksburg, VA 22407
7
Cap Rate
402,000
NOI
Details:
Description:
• The Learning Experience Corporate guarantees the lease for the first 6 years of initial term
• 20 years remaining with 2 (5-year) options to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option to extend
• The Learning Experience is the nation’s fastest-growing Academy of Early Education for children ages six weeks to six years old, with more than 600 centers open and a new location opening every week
• This building was thoughtfully designed and constructed with adaptive re-use potential and can be backfilled or subdivided to host a wide range of tenancies
• Strategically positioned along Spotsylvania Pkwy (17,500 VPD) and 1-mile west of Cosner’s Corner, Spotsylvania County’s largest mixed-use development
• Cosner’s Corner (6.2 M visits annually) features tenants such as Publix, Target, Kohl’s, PetSmart, Starbucks, Wawa and more
• Surrounded by several residential developments, providing a direct consumer base from which to draw (Avg. HH Size 2.75 within 5-miles)
• Close proximity to Spotsylvania Regional Medical Center with 428,000 visits annually (126-bed hospital) serving the Fredericksburg trade area
• Less than 2 miles off I-95 (105,120 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• Virginia ranked #4 for 2025 in CNBC’s annual study which analyzes state’s economies, infastructure, workforce, etc. (Article)
Location
Gallery