Listed by Marcus & Millichap - San Diego
$8,423,571
KINDERCARE LEARNING CENTER | RARE 18 YEAR ABS. NET
Details
APN 101158
Property Type Retail, Special Purpose
Sub Type Storefront, School
Square Footage 10,108
Units 1
Cap Rate 7%
NOI $589,650
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type Absolute NNN
Lease Expiration 04/30/2044
Remaining Term 17.8
Rent Bumps Yes
Class A
Year Built 2026
Acreage 1.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 7.00% CAP | 10,108 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310653/kindercare-learning-center
Investment highlights
- Rare 18 Year Corporate Backed NNN Lease Featuring a 10% Rental Increase in Year 6 Followed by 2% Annual Increases throughout the Remainder of the Term and Options. Brand New 2026 High Quality Construction.
- Situated Along Labeaux Avenue - the Property benefits from Strong Local Traffic Flow, Excellent Visibility, and Direct Connectivity to the Minneapolis–Saint Paul MSA, within Albertville’s Established Retail and Residential Growth Corridor.
- 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.
- Located within a Dense Residential Corridor featuring New Single-Family Developments and Master-Planned Communities, supporting Long-Term Enrollment Demand through Continued Household Growth in the Albertville and Otsego Submarkets.
- Strategically Positioned within the Expanding Minneapolis-Saint Paul Metropolitan Area, benefiting from Strong Population Growth and Household Formation. Features an Average Household Income of more than $129k within a 3-Mile Radius.
- Within one Mile of Fieldstone Elementary, St. Michael Middle School, and St. Michael High School, aligning with Kindercare’s Strategy of opening near Schools so Parents with Children of Different Ages can Conveniently Manage Multiple Drop-offs.
- Minutes from Albertville Premium Outlets - a Regional Retail Destination featuring Nike, Under Armour, Coach, and more than 100 National Retailers Driving Consistent Daily Traffic and Strong Area Visibility.
- Proximity to Major Employment Nodes - Conveniently Located near Employment Centers including North Memorial Health, Allina Health, Target Distribution Center, Walmart Distribution Center, and Numerous Regional Logistics and Manufacturing Employers.
- Immediate Access to/from Interstate 94 - providing Direct Connectivity to Minneapolis and St. Cloud, enhancing Accessibility for Commuting Families and Supporting Long-Term Residential Growth along this Major Transportation Corridor.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$589,650.00
$49,137.50/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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