Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$5,980,952
KinderCare | 10+ Yrs Remaining on NNN Lease
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 18,205
Cap Rate 7.35%
NOI $439,582
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare Learning Center
Lease Type NNN
Lease Term 16
Lease Expiration 01/31/2037
Remaining Term 10
Rent Bumps Yes
Lease Options 1, 10 Year Option and 1, 5 Year Option
Year Built 1994
Year Renovated 2021
Acreage 2.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/28/2021
Ground Lease No
Affluent Trade Area | Largest Childcare Operator in the U.S.
Marketing description
KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day. KinderCare Learning Companies is one of the largest providers of early childhood education in the nation with more than 2,400 centers and sites across the country.
Indianapolis is the 12th largest city in the U.S., and home to 810,000 residents in the city proper, with 2 million residents in the greater metropolitan area. Nicknamed the “Circle City,” and “Crossroads of America,” Indianapolis has more interstate highways bisecting the city and state than any other in the country.
Investment highlights
- 10-Plus Years Remaining on Triple Net (NNN) Lease with Annual Rental Increases and Multiple Renewal Options
- KinderCare Education is the Largest Provider of Early Education in the Nation with ±1,500 Centers
- Dense Trade Area in the Indianapolis MSA - 125,00+ Residents within a Five-Mile Radius
- Affluent Trade Area - Average Household Income Exceeds $120,000 in the Surrounding Area
- Within Five Miles of College Park, Ascension St. Vincent Hospital (800 Beds), Costco, Walmart Supercenter, and More
- Immediate Proximity to Major Retailers and Industrial Center - Major Employment Center
- Surrounded by National Tenants Dick's Sporting Goods, Michaels, Chili's, and More
- Immediate access to I-465 (Over 89,000 Cars Per Day)
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$439,582.00
$36,631.83/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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