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33858998
33858997

1404 Boone Aire Road, Florence, KY 41042

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
CL
CA License No. 02185827, IL 475163385 (+1)
SRS Real Estate Partners San Diego
Listed by Marcus & Millichap - Chicago Oak Brook, SRS Real Estate Partners San Diego
$1,301,000
2 days on market
Updated 2 days ago

KinderCare - Florence, KY (Cincinnati MSA)

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 5,492
Cap Rate 7.25%
NOI $94,323
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options Two, Five-Year
Broker Co-Op True
Year Built 2000
Acreage 0.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2014
Ground Lease No
Ownership Fee Simple

Corporate Guaranty (NYSE: KLC) | 2.50% Annual Increases | Low Rent at $17.17/SF

Investment highlights

Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country

  • KinderCare is the largest private provider of high-quality early childhood education in theUS by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
  • KinderCare currently operates in over 40 states across the United States.
  • #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.

KinderCare Completed IPO in October 2024

  • KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
  • FY 2025 revenues of $2.73B, a 6.0% increase over the previous year.

7+ Years Remaining with 2.50% Annual Rental Increases

  • KinderCare has over 7 years remaining after extending the lease an additional 5-years thatdoesn’t expire until 2034.
  • The lease includes 2.50% annual rent increases to hedge inflation and two, five-year options to renew.
  • The tenant is responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of-state investors.

Over $83,000,000 Spent on Education and Daycare in a 5-Mile Radius

  • A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
  • Participants in early childhood programs, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.

Cincinnati MSA (2,200,000+ People)

  • Often called the “Queen City,” is a vibrant Ohio River metropolis with over 309,000 residents (2.2 million metro) located at the border of Ohio and Kentucky.
  • The area’s traditional employment bases in aerospace, automotive, chemistry and financial services will keep contributing to the metro’s economic landscape.
  • The Cincinnati/Northern Kentucky International Airport ranks as one of the nation’s largest cargo airports, positioning the metro as a regional distribution hub.

Listing Contacts

DS
IL IL 475.134920
Marcus & Millichap - Chicago Oak Brook
CL
CA License No. 02185827, IL 475163385 (+1)
SRS Real Estate Partners San Diego
Listed by Marcus & Millichap - Chicago Oak Brook, SRS Real Estate Partners San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,323.00
$7,860.25/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

Map

Zoning

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SR-1 ResidentialSingle FamilySuburban Residential One
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Last updated Apr 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Grant Fitzgerald
License
286261
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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