1506 Kempsville Rd Virginia Beach, VA 23464-7211
- Day care centers
- 6,288 SF
- 0.88 lot acres
Current Use by Public Records
- Childtime on Kempsville Road / Nursery School / Preschool
Property Details for 1506 Kempsville Rd
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.88 lot acres
- Property size
- 6,288 SF
- Zone code
- R75
- Property type
- Day care centers
- APN
- 14652682150000
- APU
- 14652682150000
Description
This exceptional investment opportunity presents a 6,399 square foot daycare center in Virginia Beach, VA, on a 0.89-acre lot. The property boasts a strong absolute triple-net (NNN) lease with a corporate guarantee from Learning Care Group, the second-largest childcare provider in the U.S., ensuring minimal landlord responsibilities. The current lease, with a remaining term of 1.3 years, includes a 5-year option and rent bumps based on the lesser of CPI or 10% every five years. The property enjoys a prime location on Kempsville Road (34,000+ VPD) and near Indian River Road (60,000+ VPD), surrounded by a dense retail corridor including Walgreens, 7-Eleven, and major employers. Built in 1986, the center benefits from its proximity to Regent University and numerous schools, creating a high-demand area. The current NOI is $122,235, resulting in a 7.20% cap rate, and the asking price is $1,700,000 ($265.67/sq ft). This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a thriving community. The tenant has operated successfully at this location for over 20 years.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach City
- State
- Virginia
- Longitude
- -76.1781
- Latitude
- 36.7922
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
