KinderCare | Absolute NNN Leased Offering

1625 East Farwell Road, Spokane, WA

$3,135,465

Price

6.75%

Cap Rate

$211,644

NOI

Overview
Cap Rate
6.75%
NOI
$211,644
Building Size
9,897 sqft
Lot Area
2.34 acres
Description

The Kase Group is pleased to present the opportunity to acquire a freestanding KinderCare property located in Spokane, WA, which is one of the top growth markets in the US. The subject property measures 9,897 SF and sits on 2.35 acres. KinderCare has been at this location since 2000 and will sign a new five-year lease at the close of escrow. The lease is absolute NNN with no landlord obligations and an 8.5% rental increase at the next option. Backed by a strong job and housing market, Spokane is currently the third fastest growing construction market in the US. Most notably, Amazon is expected to open a 2.5M square-foot fulfillment center in mid-2020, at the cost of $181M. The center is expected to employ over 1,500 workers.

Highlights
  • Reliable Corporate Tenant With Long Operating History
  • Zero Landlord Obligations
  • Scheduled Increases In Rent
  • Strong Demographics - 34k People Within 3 Miles
  • Nearby Elementary Feeder Schools
Documents
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Location
Gallery