Single Tenant Childtime Learning Center
Childtime Learning Center | 6.75% CAP | Corporate Guaranty
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Childtime Learning Centers, (the "Property") in Limerick, Pennsylvania, just 25 miles northwest of Center City Philadelphia. Childtime operates under a long-term, fee simple triple-net (NNN) lease with 11 years of remaining term and 9% rental increases every 5 years, providing investors with stable, predictable income. The NNN structure provides a true hands-off ownership opportunity and the fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease. The Childtime lease is backed by a corporate guaranty from The Learning Care Group, Inc., Significantly strengthening the overall credit quality of the investment. Learning Care, which holds a B- credit rating from Standard & Poor's, is one of the largest and most established operators in the childcare sector. The Learning Care umbrella is comprised of 11 nationally recognized brands and operates more than 1,150 schools across the country.
Strategically positioned along Ridge Pike (18,400 VPD), the property benefits from excellent visibility and a prime location within a dominant retail corridor. It is also situated less than three miles from Ursinus College, a private liberal arts institution serving more than 1,500 students, faculty, and staff, providing a stable, year-round demand driver. Faculty, administrative professionals, and graduate students with young children represent a consistent and reliable customer base, helping support steady enrollment levels.
The property is located within a rapidly expanding and highly affluent trade area—key fundamentals for successful childcare operations. Since 2020, the immediate 1-mile radius has experienced exceptional growth, with population increasing by 24.03% and households rising by 26.54%. This momentum is expected to continue through 2030, with projected growth of 9.11% in population and 9.84% in households. The area's strong income demographics further enhance its appeal, with average household incomes of approximately $192,000 within one mile, $161,000 within three miles, and $158,000 within five miles, reflecting a dense concentration of families with the financial capacity to support premium childcare services.
Situated within Montgomery County, the second most affluent county in Pennsylvania, the property also benefits from its position within the Philadelphia MSA, the nation's ninth-largest metropolitan area with a population exceeding 6.3 million. This connectivity provides access to strong regional economic drivers, a highly educated workforce, and a diverse employment base anchored by Fortune 500 companies and nationally recognized universities. Together, these factors support sustained population growth, employment stability, and long-term demand for childcare services.
Investment highlights
- LONG-TERM FEE SIMPLE NNN LEASE WITH RENTAL INCREASES - Childtime operates under a long-term, fee simple triple-net (NNN) lease with 11 years of remaining term and 9% rental increases every 5 years, providing investors with stable, predictable income. The NNN structure provides a true hands-off ownership opportunity and the fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease.
- CORPORATE GUARANTY FROM INDUSTRY LEADER (THE LEARNING CARE GROUP INC.) - The Childtime lease is backed by a corporate guaranty from The Learning Care Group, Inc., Significantly strengthening the overall credit quality of the investment. Learning Care, which holds a B- credit rating from Standard & Poor's, is one of the largest and most established operators in the childcare sector. The Learning Care umbrella is comprised of 11 nationally recognized brands and operates more than 1,150 schools across the country.
- HIGH-GROWTH, AFFLUENT TRADE AREA SUPPORTS CHILDCARE DEMAND - The property is positioned within a rapidly expanding and highly affluent trade area, fundamentals that are particularly attractive for childcare operations. Since 2020, the immediate 1-mile radius has experienced exceptional growth, with population increasing by 24.03% and households rising by 26.54%, and continued momentum projected through 2030 with additional growth of 9.11% and 9.84%, respectively. The average household income reaches $192,000 within a 1-mile radius, $161,000 within 3 miles, and $158,000 within 5 miles, signaling a concentration of affluent households with the financial capacity to afford premium childcare services.
- PHILADELPHIA MSA - The property is located in Limerick, approximately 25 miles northwest of Center City Philadelphia, within Montgomery County, the second most affluent county in Pennsylvania. As part of the Philadelphia MSA, the nation's 9th largest metro with a population exceeding 6.3 million, the location benefits from strong regional economic drivers, a highly educated workforce, and a diverse employment base anchored by numerous Fortune 500 companies and nationally recognized universities. The connectivity to a major, high-income metropolitan area supports sustained population growth, employment stability, and long-term demand for childcare services.
- LESS THAN 3 MILES FROM URSINUS COLLEGE - The property is located less than 3 miles from Ursinus College, a private liberal arts institution serving more than 1,500 students, faculty, and staff, introducing a stable, year-round demand driver. Faculty, administrative professionals, and graduate-level students with young children represent a reliable and recurring customer segment, helping to sustain consistent enrollment levels.
- BUILT-IN DEMAND DRIVERS - Strategically positioned along Ridge Pike (18,400 VPD), the property benefits from strong visibility and placement within a dominant retail corridor featuring a wide array of national tenants, including Target, GIANT, ALDI, Lidl, Chase Bank, PNC Bank, Bank of America, Wells Fargo, Walgreens, Kohl's, Marshalls, Petco, Planet Fitness, Texas Roadhouse, Applebee's, Chipotle, Wawa, McDonald's, Chick-fil-A, Starbucks, Wendy's, KFC, and Sonic Drive-In. This dense concentration of necessity and service-oriented retail generates consistent daily traffic and creates a convenience-driven ecosystem that is particularly attractive to daycare users. Working parents are able to efficiently integrate childcare drop-off and pick-up with daily errands, increasing the location's desirability and supporting strong, sustained enrollment.
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