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31775604
31775607

2349 Meadow Church Road, Duluth, GA 30097

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$9,264,269
39 days on market
Updated 39 days ago

KinderCare (Creme de la Creme) - Duluth, GA (Atlanta MSA)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 21,538
Cap Rate 8%
NOI $741,141
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 17.8
Lease Expiration 09/30/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options Five, Five-Year
Broker Co-Op True
Year Built 2007
Acreage 2.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/19/2014
Ground Lease No
Ownership Fee Simple

Corporate Guaranty (NYSE: KLC) | CPI Increases Every 5 Years | 240,000+ People in 5-Miles

Investment highlights

Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country

  • KinderCare is the largest private provider of high-quality early childhood education in the US by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
  • KinderCare currently operates in over 40 states across the United States.
  • #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.

KinderCare Completed IPO in October 2024

  • KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
  • -FY 2024 revenues of $2.66B, a 5.9% increase over the previous year.

6+ Years Remaining with CPI Increases Every 5 Years

  • The KinderCare. corporately guaranteed lease, has over 6 years remaining.
  • The lease features CPI rental increases every 5 years, capped at 10.00% and continuing into the option periods, growing NOI and hedging against inflation.
  • The lease features zero landlord responsibilities, allowing for a passive investment for a new landlord.

Over $164,000,000 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, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.

Atlanta MSA – 240,000+ People in 5-Miles

  • Atlanta’s economy is highly diversified, with the metro’s top employers representing a wide variety of sectors.
  • With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.0 million people. Over the next five years the region is expected to add approximately 316,000 residents.
  • The urban core has been the epicenter of several major construction projects in recent years, with Centennial Yards headlining urban renewal in downtown Atlanta.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$741,141.00
$61,761.75/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
John Leonard
License
252904
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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