18+ Year Operating History at this Location (40+ Year Operating History as a Daycare)
– In 2007, Learning Care Group acquired a large portfolio from a mom-and-pop operator in the VA Beach marketplace. Prior to then, that operator built this school in 1985 and continually operated it until 2007.
– The lease calls for 10.00% rent increases every five years in the base term and the option periods.
– The tenant has two five-year options to renew at the expiration of the initial term.
Learning Care Group – 2nd Largest Corporate Operator in the Country
– Learning Care Group is the 2nd Largest Corporate Operator in the country, only behind KinderCare.
– Learning Care Group currently operates over 1,100 locations across forty states.
– Learning Care Group serves over 165,000 children nationwide.
Over $205,000,000 Spent on Education and Daycare in a 5-Mile Radius
– A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
– Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.
Norfolk MSA – Densely Populated with Nearly 300,000 People in 5-Miles
– The Virginia Beach Metropolitan Statistical Area, also known as Hampton Roads and Coastal Virginia, encompasses 15 cities and counties with a population of over 1.7 million and a workforce of over 850,000.
– Regularly recognized as one of America’s best places to live and raise a family, Virginia Beach has been ranked as one of the fittest, safest, most literate, best places to buy a home, and most affordable beach towns in the country.
– The metro has the second-largest concentration of military personnel in the nation, with 15 military installations providing numerous jobs.
