Listed by Matthews
$1,373,256
Childtime Learning Center - Queensbury, NY (Glen Falls MSA)
Details
APN 296.12-1-30
Property Type Retail
Sub Type Daycare
Square Footage 8,945
Units 1
Cap Rate 8.14%
NOI $111,783
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center
Lease Type NN
Lease Term 15.1
Lease Expiration 05/31/2034
Remaining Term 8
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $154
Year Built 2001
Year Renovated 2020
Stories 1
Acreage 3.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/03/2019
Ground Lease No
1,070+ Unit Corporate Guarantee I 8-Years Remaining I 8.14% Cap Rate
Investment highlights
Corporate Guarantee from Learning Care Group
- The property is leased to the nation’s second-largest for-profit early education provider, operating over ±1,070 schools under eleven brands. The company is recognized as a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal.
Annual Rental Increases
- The lease features 1.75% annual rent increases throughout the remaining ±8.00 years of the initial 15-year term, plus two, 5-year renewal options.
Essential Service - Recession-Resilient Tenant
- Queensbury experiences high-demand for childcare services due to a shortage of quality options. Many households are dual-income families and need full-time childcare.
- The childcare sector is a needs-based, non-discretionary service with strong long-term demand, including during economic downturns. Post-pandemic enrollment trends remain robust in suburban markets, driven by limited supply of high-quality early education options.
Affluent Trade Area / Demographics
- The surrounding ±5-mile radius boasts an average household income of approximately $103,900.
- The property is situated just 3 miles north of Glens Falls, NY, where the median age is ±37 years old.
- High-income, suburban demographics are indicative of a stable, family-oriented demographic base supportive of sustained childcare demand.
Nearby Feeder Elementary Schools
- The site benefits from proximity to more than ±15 feeder elementary schools within a ±5-mile radius. In total, Warren County hosts ±16 public elementary schools, ±9 middle schools, and ±11 high schools, reinforcing long-term demand drivers for early childhood education services in the area.
Close Proximity to Family and Tourist Attractions
- Six Flags Great Escape, one of the region's biggest attractions, is located less than 5-miles from the property. This attraction draws in over a million guests annually.
- Lake George sits just 10-miles north of Queensbury and is the primary tourism engine bringing millions of visitors annually.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,783.00
$9,315.25/mo
Valuation Metrics
0
DSCR
8.14%
Cap Rate
8.14%
ROI
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