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30916174
30916175

5400 Corporate Dr, Pittsburgh, PA 15237

SK
TX 744270
Sands Investment Group
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
TG
PA RM424383, OK
Sands Investment Group Philadelphia
JM
CA 02220498
Sands Investment Group
Listed by Sands Investment Group, Sands Investment Group Philadelphia
$5,284,047
88 days on market
Updated 88 days ago

KinderCare - Pittsburgh, PA

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 11,990
Cap Rate 7%
NOI $369,883
Occupancy 100%
Tenancy Single
Brand/Tenant Kindercare
Lease Type NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options 1 x 10 Year and 1 x 5 Year Options
Price per SqFt $441
Year Built 2022
Buildings 1
Acreage 3.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2021

Corporate KinderCare | Pittsburgh MSA | 144K Population

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 11,990 SF KinderCare located at 5400 Corporate Drive in Pittsburgh, PA. KinderCare is the largest provider of early education and child care in the U.S., operating more than 2,700 centers nationwide. The center is strategically positioned approximately 10 miles from downtown Pittsburgh and within a 30-minute drive of Pittsburgh International Airport (PIT), offering strong accessibility, surrounding population density, and a compelling investment opportunity backed by an established national tenant.

LEARN MORE HERE

Investment highlights

  • KinderCare is the largest provider of early education and child care, operating more than 2,700 centers nationwide.

  • Pittsburgh is the second-largest city in Pennsylvania and serves as the economic and cultural hub of Western Pennsylvania.

  • This center is located 10-miles from downtown and a 30-minute drive from Pittsburgh International Airport (PIT).

  • Average household income of $136,780 and a population of 144,842 residents within a 5-mile radius.

  • 13 elementary feeder schools within a 5-mile radius.

  • Pittsburgh is undergoing over $1.5 billion in mixed-use redevelopment, including large waterfront projects and the addition of roughly 1,000 new residential units.

  • The Urban Redevelopment Authority has approved $10+ million in targeted funding to stimulate housing and mixed-use projects in the city's core.

Listing Contacts

SK
TX 744270
Sands Investment Group
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
TG
PA RM424383, OK
Sands Investment Group Philadelphia
JM
CA 02220498
Sands Investment Group
Listed by Sands Investment Group, Sands Investment Group Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$369,883.00
$30,823.58/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Tom Gorman
License
PA #RM424383
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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