Irvine, CA - Creme de la Creme (Kindercare)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN, corporate guaranteed, new construction Crème de la Crème investment opportunity in Irvine, California (Orange County). The tenant, KinderCare Learning Centers, LLC, recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 12.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a strong hedge against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. KinderCare Learning Centers is the largest preschool operator in the United States with over 2,300 locations nationwide. Located within the Great Park community development, the asset is the only preschool-entitled parcel within the entire Great Park master-planned community, making it a required component of the master developer’s entitlement program and a critical amenity supporting the continued sale of residential lots. The property also features on-site EV charging stations and rooftop solar panels, consistent with the high-quality standards associated with Crème de la Crème schools. The site is anticipated to open in Summer 2026.

Positioned at the center of one of the most transformative developments in Orange County, Great Park will offer an integrated mix of residential, commercial, and civic amenities across approximately 1,300 acres, with more than 500 acres already built and open. Planned amenities include a 10,000-seat amphitheater, cultural institutions, lakes, and extensive park infrastructure, complemented by The Canopy at Great Park, a 90,000+ SF retail center set to open in 2026/2027. Surrounding the park, the Great Park Neighborhoods are entitled for up to 10,556 homes, increasing the population density and consumer base in the immediate area. The property’s centralized location off I-5 (368,000 VPD) and I-405 (200,000 VPD) ensures direct access to surrounding communities including Lake Forest, Laguna Woods, Foothill Ranch, and Portola Springs, inserting the institution into the Orange County school system. Orange County’s wealthy and highly educated population continues to drive strong demand for high-quality early childhood education, supporting consistent enrollment and long-term stability for premier institutions such as KinderCare’s Crème de la Crème. Irvine in particular ranks among the wealthiest, safest, and most educated cities in the nation, further fueling demand for housing and education institutions. The surrounding 5-mile trade area has over 340,000 residents and 186,000 employees. Those within 1-mile of the property boast an extremely affluent average household income of $244,309.

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Listing ID: a28TP000002jYpBYAU