KinderCare
Retail | 6.50% CAP | 12,081 SqFt
Marketing description
A brand-new 15-year absolute net KinderCare lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Centennial – an affluent Denver suburb boasting average household incomes of $170,000 within a 3-mile radius.
Investment highlights
Brand-new 15-year absolute net corporate net lease
2% annual rental increases throughout the base term and options
Replaceable $33/ft. rent – education users pay $40-50/ft.+ in rent for most new leases
20-year roof warranty in place (15+ years remaining)
Lease is guaranteed by KinderCare Learning Companies, Inc. (S&P: KLC), a publicly traded corporate school operator with significant financial backing
KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result (per Moody’s)
Extremely affluent demographics – $170,000 average household incomes within a 3-mile radius of the subject property
Dense residential trade area – 296,000 residents within a 5-mile radius of the subject property
Nearby Streets at SouthGlenn, anchored by Whole Foods, ranks in the top 6% of shopping centers nationwide in terms of annual visits (per Placer.ai)
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