Child Care

Bright Ideas Enrichment Center

14330 Sommerville Ct, Midlothian, VA 23113

Listing Price: $2,252,386

Cap Rate
7.25%
Tenant Name
CLEAR CAPITAL, LLC, SERIES ONE-CHILDCARE,
Years Remaining On Lease
14.0
Gross SF
6,420
Guarantor
Corporate Guarantee
Rentable SF
6,420
Price/Gross SF
$350.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.44

Investment Overview

Marcus & Millichap is proud to present the Bright Ideas Enrichment Center located at 14330 Sommerville Court in Midlothian, Virginia. This 6,420 SF building was built in 2004 and sits on 1.25 Acres, The initial lease term runs until January of 2035 which is followed by 2 option periods of 5 years each. The lease comes with 1% annual rent increases. Bright Ideas Enrichment Center, whose parent company is Clear Capital Partners, is a comprehensive care facility that has offered developmentally appropriate preschool education and before-and-after-school recreational activities to the Midlothian, Virginia community since 2004.

Midlothian is a suburban community approximately 15 miles outside of Richmond. The subject property is located in close proximity to the Midlothian Turnpike which sees over 30,000 VPD. Additionally, the Enrichment Center is located near many office buildings and the massive West Chester Commons Outdoor Shopping Centre home to many national tenants. In recent years, Midlothian has seen both population and income growth. The area's average age is in the low forties and its median household is over $100,000. These demographics make the subject property an ideal location for a child care center. In 2008, Midlothian placed #99 on CNN Money's best places to live list.

Investment Highlights

  • NNN Lease from January 2020 - January 2035 with 2 Renewal Options
  • Ideal Demographics
  • 1% Annual Rent Increases
  • Lease Backed by Private Equity Firm
  • Open and Paying Rent during COVID-19

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Child Care

Bright Ideas Enrichment Center

Listing Price: $2,252,386

Cap Rate
7.25%
Tenant Name
CLEAR CAPITAL, LLC, SERIES ONE-CHILDCARE,
Years Remaining On Lease
14.0
Gross SF
6,420
Guarantor
Corporate Guarantee
Rentable SF
6,420
Price/Gross SF
$350.84
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.44

Investment Highlights

  • NNN Lease from January 2020 - January 2035 with 2 Renewal Options
  • Ideal Demographics
  • 1% Annual Rent Increases
  • Lease Backed by Private Equity Firm
  • Open and Paying Rent during COVID-19

Investment Overview

Marcus & Millichap is proud to present the Bright Ideas Enrichment Center located at 14330 Sommerville Court in Midlothian, Virginia. This 6,420 SF building was built in 2004 and sits on 1.25 Acres, The initial lease term runs until January of 2035 which is followed by 2 option periods of 5 years each. The lease comes with 1% annual rent increases. Bright Ideas Enrichment Center, whose parent company is Clear Capital Partners, is a comprehensive care facility that has offered developmentally appropriate preschool education and before-and-after-school recreational activities to the Midlothian, Virginia community since 2004.

Midlothian is a suburban community approximately 15 miles outside of Richmond. The subject property is located in close proximity to the Midlothian Turnpike which sees over 30,000 VPD. Additionally, the Enrichment Center is located near many office buildings and the massive West Chester Commons Outdoor Shopping Centre home to many national tenants. In recent years, Midlothian has seen both population and income growth. The area's average age is in the low forties and its median household is over $100,000. These demographics make the subject property an ideal location for a child care center. In 2008, Midlothian placed #99 on CNN Money's best places to live list.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

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