Listed by Marcus & Millichap - San Diego
$7,642,475
KINDERCARE LEARNING CENTER | NNN LEASE | STRONG DEMOS
Details
Property Type Office, Special Purpose
Sub Type Medical Office, School
Square Footage 12,327
Cap Rate 6.75%
NOI $515,867
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NNN
Lease Expiration 09/30/2033
Remaining Term 7.3
Rent Bumps Yes
Class A
Year Built 2017
Acreage 1.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Leading Provider of Early Childhood Education (ECE) in the U.S.
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310695/kindercare-learning-center
Investment highlights
- Corporate Backed NNN Lease Featuring 12% Rental Increases every 5 Years throughout the Remainder of the Terms and Options. High Quality Construction Site. Roof Warranty in Place up until 2037.
- Positioned on the Primary North-South Arterial Connecting I-35, SH-45, and SH-130, Giving Working Parents from Dell, Emerson, and Nearby Tech Corridors Effortless Morning Drop-Off Access with No Detour from their Commute.
- KinderCare Learning Companies operates one of the Largest Early Education Platforms in the U.S., with approximately 1,595 Community-Based Learning Centers and a Broader Network of over 2,700 Total Locations Nationwide Across 40+ States.
- Strategic Proximity to Dell Technologies Global Headquarters at One Dell Way - Just Three Miles South on AW Grimes Blvd - Placing the Property Directly in the Daily Commute Path of approximately 16,000 Local Campus Employees.
- Located within the Active Avery Centre Master-Planned Community Corridor on AW Grimes Blvd - a 1,200-Acre Mixed-Use Development with Multiple Homebuilders including DR Horton, Landsea Homes, and Century Communities Delivering New Homes and Young Families.
- Served by the Highly Rated Round Rock Independent School District, One of Texas' most Recognized and Award-Winning Districts, Consistently Attracting Young Professional Families who Relocate Specifically for its School Quality and Remain Long-Term.
- Surrounded by Three Major Healthcare Employment Hubs - Ascension Seton Williamson, Baylor Scott & White, and St. David's Round Rock Medical Center - whose Combined Thousands of Shift-Working Nurses, Physicians, and Clinical Staff Represent Core Full-Time Childcare Users.
- Round Rock's City-Issued Population Projections Forecast Growth from approximately 133,000 Today to over 161,000 Residents by 2030, Representing Continuous Household Formation and a Sustained Pipeline of Young Families Requiring Early Childhood Care.
- The District - $500M Mixed-Use Development Now Under Construction Less than 1 Mile Away. Spanning 65.5 Acres, it will Deliver 4M+ SF of Class-A Office, Retail, Hotel & 1,500+ Residences - Generating 5,000+ Jobs and a Surge of Dual-Income Families by 2039.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$515,867.00
$42,988.92/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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