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33169411
33169409

408 South 47th Avenue, Ridgefield, WA 98642

SC
CA 01318288
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
RT
CA CA 02087816, 02087816
Listed by Cushman & Wakefield - Sacramento, California
$8,823,000
39 days on market
Updated 12 days ago

KinderCare | 15-Year Abs NNN Lease

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 12,000
Cap Rate 7.25%
NOI $639,601
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 15
Rent Bumps Yes
Year Built 2026
Acreage 1.870
Investment Type Net Lease
Lease Commencement 04/03/2026
Ground Lease No

15 Year Abs NNN Lease KinderCare (NYSE:"KLC")

Marketing description

» Property features a beneficial proximity to Interstate 5, increasing commuter traffic and visibility directly past the site (106,000+ AADT).

» Ideal location surrounded by more than 10 schools within a five-mile radius.

» Surrounded by a strong mix of local and national retailers that drive the regions primary economic activity, including Costco, Rosauers Supermarkets, Tractor Supply Co., In-N-Out Burger, McDonald’s, Chipotle, 7-Eleven, and many more.

Investment highlights

» New 15-year absolute NNN lease to KinderCare, best-in-class private provider of early childhood and school-age education and care (NYSE: “KLC”).

» 10% rental increases every five (5) years in initial term and three (3) option periods of five years each deliver steady growth throughout the lifespan of the lease.

» KinderCare operates more than 2,700 early learning centers and sites, more than any other provider.

» Revenue reached approximately $2.73 billion in 2025, up from roughly $2.66 billion in 2024, reflecting continued top-line expansion.

» Additional expansion included 26 acquisitions and 20 new center openings company-wide, reflecting strong organic growth.

Listing Contacts

SC
CA 01318288
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
RT
CA CA 02087816, 02087816
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$639,601.00
$53,300.08/mo

Valuation Metrics

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DSCR
7.25%
Cap Rate
7.25%
ROI

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