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33707954
33708013

646 Lovers Ln, Bowling Green, KY 42103

MG
TN 369932
Matthews
CS
TN 361676, TX 693140
Matthews
Listed by Matthews
$3,060,000
3 days on market
Updated 3 days ago

KinderCare - Bowling Green, KY

Details
Property Type Special Purpose
Sub Type School
Square Footage 12,000
Cap Rate 6.50%
NOI $198,900
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 2022
Acreage 0.890
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 — 646 Lovers Ln, Bowling Green, KY | $3,060,000 — 6.50% cap rate

KinderCare — 132 Brenner St, Bowling Green, KY | $1,694,769 — 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.

  • Convenient Neighborhood Accessibility – Easy access to key commuter routes and surrounding residential communities amplifies the convenience for parents, making the location well-suited for recurring daily childcare use.

Listing Contacts

MG
TN 369932
Matthews
CS
TN 361676, TX 693140
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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$--
Annual Cash Flow
$198,900.00
$16,575.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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PUD-BE PlannedPlanned Unit Development Binding Elements
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Kyle Matthews
License
221925, 239410 (KY)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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