Listed by Sands Investment Group, Sands Investment Group Los Angeles, Sands Investment Group Charleston
$8,381,877
KinderCare - Norcross, GA
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 19,098
Cap Rate 7.9%
NOI $662,168
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 04/30/2029
Remaining Term 2.9
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $439
Year Built 1997
Buildings 1
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2004
KinderCare - ABS NNN | Atlanta MSA | 7.90% CAP | 1-Mile Avg HHI Exceeds $163K
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 19,098 SF KinderCare located at 4785 Peachtree Corners Circle in Norcross, GA. The property is 100% leased to KinderCare on an Absolute Triple Net (NNN) Lease with approximately 3 years remaining, 3 x 5-year renewal options, and CPI-based rent escalations annually, offering a stable and passive investment opportunity. The site was built to suit the brand and has been actively operating since its development in 1997.
Investment highlights
- Corporate-Backed Operator: Crème de la Crème is a premium early education operator with 45+ locations nationally. The company was acquired by KinderCare in 2022, which corporately backs the lease. KinderCare is the largest for-profit childcare company in North America, operating over 2,700+ locations, providing strong credit support and long-term stability for the investment.
- Long-Term Absolute NNN Lease Structure: The asset is 100% leased to KinderCare on an Absolute Triple Net (NNN) Lease with 3 years of term remaining, featuring 3 x 5-year renewal options and annual CPI rental escalations.
- Prime Atlanta Suburban Market With Strong Demographics: Situated in the highly desirable Norcross/Peachtree Corners submarket of the Atlanta-Sandy Springs-Roswell MSA, the trade area features robust population growth and affluent households, with the 1-mile average household income exceeding ~$162,326.
- Prime Location: Close proximity to The Forum Peachtree Corners, Peachtree Industrial Blvd, Peachtree Corners Circle, and sees over 58K VPD on Peachtree Pkwy NW.
- Strong Residential Base With Continuous Growth: Within a 5-mile radius, the population exceeds ~211,000 residents, and average household income exceeds $146K within a 3-mile radius.
- Prime Educational Hub Location: Located 0.5 miles from The Wesleyan School, Atlanta's most prestigious private school, the property benefits from strong local demand for high-quality early education, offering access to affluent families and reinforcing the tenant’s long-term stability. The site is also supported by 7+ feeder elementary schools within a 5-mile radius, providing a deep base of families with school-aged children and further enhancing enrollment potential.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Los Angeles, Sands Investment Group Charleston
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$662,168.00
$55,180.67/mo
Valuation Metrics
0
DSCR
7.9%
Cap Rate
7.9%
ROI
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