Listed by Trinity Real Estate Investment Services
$10,038,000
KinderCare Learning Companies (Crème de la Crème)
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 20,841
Cap Rate 6.5%
NOI $652,470
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2043
Remaining Term 17.6
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $482
Year Built 2019
Acreage 2.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/15/2023
Ground Lease No
Daycare | 6.50% CAP | 20,841 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Crème de la Crème School in Cedar Park, TX. This property is an Austin MSA Crème De La Crème with over 17 years remaining on the primary term, secured by an absolute NNN lease with zero landlord responsibilities and built-in 10% rent increases every five years.
Property Website: https://trinityreis.com/listing/11801-w-parmer-ln/
Investment highlights
- Austin MSA Crème De La Crème in Cedar Park, TX With 17+ Years Remaining on Primary Term
- Absolute NNN Lease With Zero Landlord Responsibilities and Built-In 10% Rent Increases Every 5 Years
- Excellent Visibility Along W Parmer Lane With 34,000 Vehicles Passing Daily
- Explosive Growth Corridor – 5-Mile Population Grew 44.67% Since 2010 and Is Projected to Grow Another 12.04% by 2030
- Minutes From Vista Ridge High, Henry Middle, and Reagan Elementary Schools
- 230,000+ 5-Mile Population With a Plethora of Upscale Apartments and Residential Neighborhoods in the Surrounding Area
- Affluent Suburban Neighborhood Boasting an Avg. Household Income Exceeding $160K Within 5-Mile Radius
- Just 21 Miles From Downtown Austin With Access to an MSA Population of 2.6M+ Residents
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$652,470.00
$54,372.50/mo
Valuation Metrics
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DSCR
6.5%
Cap Rate
6.5%
ROI
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