Listed by CP Partners
$6,161,000
KinderCare
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 12,081
Cap Rate 6.5%
NOI $400,486
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type NNN
Lease Term 15
Lease Expiration 04/30/2040
Rent Bumps Yes
Lease Options Three, 5-year
Year Renovated 2025
Buildings 1
Acreage 1.860
Parking Spaces 36 spaces
Parking per 1,000 SqFt 2.98
Investment Type Net Lease
Lease Commencement 04/30/2025
Ground Lease No
Publicly Traded Company (S&P: KLC) – $2.73B Revenues | 15-Year Absolute Net Lease
Marketing description
A brand-new 15-year absolute net KinderCare lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Centennial – an affluent Denver suburb boasting average household incomes of $170,000 within a 3-mile radius.
Investment highlights
- Brand-new 15-year absolute net corporate net lease
- 2% annual rental increases throughout the base term and options
- Replaceable $33/ft. rent – education users pay $40-50/ft.+ in rent for most new leases
- 20-year roof warranty in place (15+ years remaining)
- Tenant is a wholly owned subsidiary of KinderCare Learning Companies, Inc. (S&P: KLC), the largest private early childhood education provider in the U.S.
- KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result (per Moody’s)
- Extremely affluent demographics – $170,000 average household incomes within a 3-mile radius of the subject property
- Dense residential trade area – 296,000 residents within a 5-mile radius of the subject property
- Nearby Streets at SouthGlenn, anchored by Whole Foods, ranks in the top 6% of shopping centers nationwide in terms of annual visits (per Placer.ai)
Listing Contacts
Listed by CP Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$400,486.00
$33,373.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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