Sugarland Learning Academy83 Sugarland Run Drive, Sterling VA 20164

NNN Investment Opportunity!

O F F E R I N G M E M O R A N D U M

Sugarland Learning AcademyCONTENTS

Exclusively Listed By:

Joe SerafinCEO & Principal Broker(703) 994-7510

jserafin@serafinre.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

40834 Graydon Manor LaneLeesburg, VA 20175

01 Executive Summary Investment Summary 4 Location Summary 5

02 Property Description Aerial Map 6 Parcel Map 7

8 Property Images 9

03 Sale Comps Sold Childcare Facilities in Loudoun County 10

04 Rent Roll Lease Expiration 11 Tenant Profile 12

05 Financial Analysis Cash Flow Analysis 13

06 Demographics Demographics 15 Demographic Charts 16

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Serafin Real Estate and itshould not be made available to any other person or entity without the written consent of Serafin Real Estate. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Serafin RealEstate. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level ofinterest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Serafin Real Estate has not made any investigation, and makes no warranty or representation withrespect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presenceor absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition orbusiness prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Serafin Real Estate has not verified, and will not verify, any of the informationcontained herein, nor has Serafin Real Estate conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completenessof the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expensesof investigating the subject property.

Sugarland Learning Academy Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER:

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT SERAFIN REAL ESTATE FOR MORE DETAILS.Copyright © 2019 CREOP, LLC. All Rights Reserved.

Sugarland Learning Academy Investment Summary | 04

OFFERING SUMMARYADDRESS 83 Sugarland Run Drive

Sterling VA 20164COUNTY LoudounMARKET Washington DC MetroSUBMARKET Rt 28 Corridor NorthBUILDING SF 5,130 SFLAND SF 30,928 SFYEAR BUILT 1982OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $1,300,000PRICE PSF $253.41OCCUPANCY 100 %NOI (CURRENT) $74,119CAP RATE (CURRENT) 5.70 %

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2018 Population 21,114 77,636 152,0412018 Median HH Income $116,399 $122,499 $117,4302018 Average HH Income $142,419 $153,869 $151,390

One story, freestanding, +/-5,130 square foot building located onapproximately 0.71 acres of land. Built in 1982, and currently leased toSugarland Learning Academy.

Opportunity to take advantage of below market price/SF.

Price/SF: $253.41

NOI: $74,118.80

Cap Rate: 5.70%

Lease Type: NNN

Lease Expiration: January 1, 2023

The property has an ingress/egress access and frontage on SugarlandRun Drive. Sugarland Run Drive provides direct access to Potomac ViewRoad (State Route 637), which is approximately one mile north of theaccess point to Leesburg Pike (Virginia State Route 7). These streetsprovide access to the area's commercial corridor.

The immediate area is comprised of single- and multi-family residentialand is situated adjacent to the Sugarland Run Square Shopping Center.

Sugarland Learning Academy Location Summary | 05

Sugarland Learning Academy Aerial Map | 06

Sugarland Learning Academy Parcel Map | 07

Sugarland Learning Academy | 08

Sugarland Learning Academy Property Images | 09

Sales Survey Min Max

Sale Price Per SF $345 $119 $566

Avg Sale Price (Mil.) $3.4 $0.3 $8.0

Cap Rate 7.4% 6.3% 10.0%

Percent Leased 100% 100% 100%

Sales Volume Survey Min Max

Transactions 23 - -

Sold SF 228,742 1,152 21,189

Sales Volume (Mil.) $79 $0.3 $8.0

Avg SF 9,945 1,152 21,189

Properties Survey Min Max

Existing SF 177,861 1,152 21,189

Vacancy Rate 0.0% 0.0% 0.0%

Rent Per SF - - -

12 Mo. Absorption 12,561 0 12,561

12 Mo. Leasing SF 12,561 0 12,561

For Sale Survey Min Max

Listings 1 - -

For Sale SF 21,189 21,189 21,189

For Sale Volume (Mil.) $12 $12 $12

Asking Price Per SF $560 $560 $560

Avg Asking Price (Mil.) $12 $12 $12

Sales Volume Average Sale Price Per SF

Cap Rate Sales Volume by Buyer Type

Sold Childcare Facilities in Loudoun County

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy.Any information of special interest should be obtained through independent verification.

Copyrighted report licensed to Serafin Real Estate - 785625.

6/10/2019

Sugarland Learning Academy Sold Childcare Facilities in Loudoun County | 10

Sugarland Learning Academy Lease Expiration | 11

Sugarland Learning Academy Tenant Profile | 12

Name ValueTrade Name Sugarland Learning AcademyHeadquartered Sterling, VAWebsite www.sugarlandlearningacademy.com# of Locations 2

DescriptionSugarland Learning Academy is a private, licensed, local developmental school, which follows astrong academic curriculum for children between 6 weeks and 12 years old. Emphasis is placed onareas of academic importance such as math, language, art, social studies and science. Academicsare balanced with various activities to provide the children the opportunities for fun.

*Excerpt from Company Website (www.sugarlandlearningacademy.com)

Sugarland Learning Academy Cash Flow Analysis | 13

CASH FLOWCalendar Year CURRENT Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueGross Rental Income $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119Effective Gross Income $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119Operating ExpensesNet Operating Income $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119 $74,119

Effective Gross Income vs Operating Expenses Cash Flow

Sugarland Learning Academy Cash Flow Analysis | 14

Calendar Year CURRENT Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 %CAP Rate 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 % 5.70 %Gross Multiplier (GRM) 17.54 17.54 17.54 17.54 17.54 17.54 17.54 17.54 17.54 17.54Price / SF $253.41 $253.41 $253.41 $253.41 $253.41 $253.41 $253.41 $253.41 $253.41 $253.41Income / SF $14.44 $14.44 $14.44 $14.44 $14.44 $14.44 $14.44 $14.44 $14.44 $14.44

Sugarland Learning Academy Demographics | 15

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 18,612 62,821 117,995

2010 Population 20,095 73,196 140,878

2018 Population 21,114 77,636 152,041

2023 Population 22,948 84,083 164,073

2018 African American 1,520 5,353 11,134

2018 American Indian 70 253 509

2018 Asian 3,388 13,417 26,332

2018 Hispanic 5,212 17,227 32,677

2018 White 12,251 46,245 91,183

2018 Other Race 2,654 8,218 15,104

2018 Multiracial 1,210 4,086 7,657

2018-2023: Population: Growth Rate 8.40 % 8.05 % 7.65 %

2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 216 698 1,526

$15,000-$24,999 280 745 1,627

$25,000-$34,999 169 713 1,912

$35,000-$49,999 317 1,458 3,204

$50,000-$74,999 784 2,747 6,101

$75,000-$99,999 1,002 3,137 6,674

$100,000-$149,999 1,780 6,526 12,873

$150,000-$199,999 1,135 4,107 7,770

$200,000 or greater 1,411 6,194 12,157

Median HH Income $116,399 $122,499 $117,430

Average HH Income $142,419 $153,869 $151,390

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 6,495 21,581 42,029

2010 Total Households 6,699 24,569 49,318

2018 Total Households 7,094 26,325 53,845

2023 Total Households 7,732 28,573 58,285

2018 Average Household Size 2.96 2.95 2.82

2000 Owner Occupied Housing 5,119 17,476 32,452

2000 Renter Occupied Housing 1,237 3,681 8,573

2018 Owner Occupied Housing 5,471 20,216 39,578

2018 Renter Occupied Housing 1,624 6,109 14,267

2018 Vacant Housing 204 770 2,071

2018 Total Housing 7,298 27,095 55,916

2023 Owner Occupied Housing 6,099 22,255 43,654

2023 Renter Occupied Housing 1,633 6,318 14,631

2023 Vacant Housing 221 832 2,350

2023 Total Housing 7,953 29,405 60,635

2018-2023: Households: Growth Rate 8.70 % 8.25 % 8.00 %

Source: esri

Sugarland Learning Academy Demographic Charts | 16

1 Mile Radius 3 Mile Radius 5 Mile Radius

2018 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2018 Population by Race

Sugarland Learning Academy Demographic Charts | 17

2018 Household Occupancy - 1 Mile Radius

Average Income Median Income

2018 Household Income Average and Median

Sugarland Learning Academy

Exclusively Listed By:

Joe SerafinCEO & Principal Broker(703) 994-7510

jserafin@serafinre.com

40834 Graydon Manor Lane, Leesburg, VA 20175 powered by CREOP