KinderCare

Highlights:

• Brand-new 15-year absolute net corporate net lease
• 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
• 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

Description:

A brand-new 15-year 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.

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