Listed by CP Partners
$8,486,000
KinderCare
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 12,081
Cap Rate 7%
NOI $594,000
Occupancy 100%
Tenancy Single
Brand/Tenant KinderCare
Lease Type Absolute NNN
Lease Expiration 02/29/2044
Remaining Term 17
Rent Bumps Yes
Lease Options Three, 5-year
Year Built 2025
Buildings 1
Acreage 1.840
Investment Type Net Lease
Lease Commencement 12/17/2025
Ground Lease No
Publicly Traded Company – $2.6B Revenues 15-Year Absolute Net Lease
Marketing description
A brand-new absolute net KinderCare lease featuring a 10% rental increase in Year 6 and 2% annual increases thereafter throughout the base term and options. The subject property is located in Inver Grove Heights – an affluent suburb in the Minneapolis-St. Paul MSA boasting average household incomes of $181,000 within a 1-mile radius.
Investment highlights
- Brand-new absolute net corporate net lease with 17+ years remaining
- 10% rental increase in Year 6 then 2% annual increases thereafter
- Three, 5-year options to extend the lease at the expiration of the base term
- Lease is guaranteed by KinderCare Learning Companies, Inc. (S&P: KLC), a publicly traded corporate school operator with significant financial backing (see below)
- Competitive recourse and non-recourse financing options
- 2025 build-to-suit construction building that serves as an outparcel to Target
- Extremely affluent residential demographics – $181,000 average household incomes within a 1-mile radius of the subject property
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$594,000.00
$49,500.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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