Listed by Matthews
$1,694,769
KinderCare - Bowling Green, KY
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 6,700
Cap Rate 6.50%
NOI $110,160
Tenancy Single
Brand/Tenant KinderCare
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 11/07/2034
Remaining Term 9
Rent Bumps Yes
Lease Options Two, 5-Year Options
Year Built 2012
Acreage 0.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/17/2024
Ground Lease No
Ownership Fee Simple
Early Education Triple Net Lease Investment Opportunity
Marketing description
Kentucky KinderCare Properties | Available Together or Separately
KinderCare — 132 Brenner St, Bowling Green, KY | $1,694,769 — 6.50% cap rate
KinderCare — 646 Lovers Ln, Bowling Green, KY | $3,060,000 — 6.50% cap rate
Total Value — $4,754,769
Investment Overview
Tenant — KinderCare (KinderCare — 2,700+ Locations Across Family of Brands)
Lease Term — 10 Years
Lease Type — Absolute NNN
Increases — 2.00% Annually
Options — Two, 5-Years
Investment highlights
Available as a Portfolio or Individually
- Industry-Leading Corporate Guarantor – The lease is guaranteed by KinderCare, one of the strongest and best operators in the country for early childhood assets, operating over 2,700 early learning centers nationwide across their family of brands.
- Public Company Transparency – KinderCare became a publicly traded company on the NYSE (Ticker: KLC) in 2024, providing increased financial transparency and reporting visibility relative to smaller private early childhood operators.
- Absolute NNN Lease Structure – The property operates under an Absolute NNN lease, which creates a hands-off investment for ownership with little to no ongoing management responsibilities. Allows the investment to be completely passive.
- Consistent Rental Increases – The lease includes 2% annual rent escalations, allowing the investment to produce steady income growth over time while helping protect against inflation.
- Long-Term Lease Stability – The asset benefits from 9 years of remaining lease term, providing investors with reliable cash flow backed by an established childcare operator. Once the lease expires, there are Two, 5-year options to follow.
- Affluent Residential Growth Corridor – Situated in a growing northwest Bowling Green corridor surrounded by expanding residential development, supporting sustained household growth and demand for neighborhood-serving childcare centers.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$110,160.00
$9,180.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
HB-BE CommercialSpecial CommercialHighway Business District Binding Elements
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