1220 Alverser Dr Midlothian, VA 23113

Listing agency SRS Real Estate Partners | McLean p***@srsre.com Show Phone

Listed by Andrew Fallon Show Phone

Source Moodyscre

Added: Feb 23 Updated: Jul 21 at 3:43PM Checked: Jul 21 at 3:43PM

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Investment Insights

Based on property information with market context.

This single-tenant early childhood day care center is offered for sale with the current tenant in place under an initial lease structure. The tenant has 5 years remaining on the initial term, along with two additional (5-year) options to extend, reflecting continuity at the site. The lease includes a scheduled 8.125% increase effective in April of 2026, along with approximately 8% rental increases at the beginning of each option period.

The property is located at 1220 Alverser Dr in Midlothian, Virginia (23113).

Learning Care Group, the current operator, is described in the provided remarks as the second largest network of early childhood centers in the U.S., with presence across 40 states and Washington, D.C.

Key Highlights

• Tenant lease has 5 years remaining on the initial term, with two additional 5‑year extension options
• Scheduled rent increase in April 2026 of 8.125%
• Additional ~8% rental increases at the beginning of each extension option

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FAQs

What type of property is this?

Day care center - For sale with a tenant lease in place and multiple extension options, including scheduled rent increases.

Where is this day care center located?

The property is located at 1220 Alverser Dr Midlothian, VA.

What is the asking price?

The asking price for this property is $1,595,000.

What are key features of this property?

This property features: Tenant lease has 5 years remaining on the initial term, with two additional 5‑year extension options; Scheduled rent increase in April 2026 of 8.125%; Additional ~8% rental increases at the beginning of each extension option