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KinderCare | Triple Net (NNN) Lease

$537,700

2233 Brothers Drive, Lafayette, IN 47909

Active
Last Updated: 08/17/2021

6.5

Cap Rate

34,951

NOI

Details:
Cap Rate:    6.5%
NOI:    $34,951
Building Size:    4,888 sqft
Lot Area:    0.5 acres
Year Built:    1980
Price Per Sqft:    $110
Roof and Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs and Maintenance:    Tenant’s Responsibility
Highlights:
  • Highly Desirable Triple Net (NNN) Lease Structure With Zero Landlord Responsibilities
  • Reliable Corporate Tenant With a Long Operating History Showing Commitment to the Site
  • 2019 Gallup Great Workplace Award Winner KinderCare Education Remains the First and Only Company in the Early Childhood Education Industry to Be Recognized By Gallup For This Award and One of Only 40 Companies Worldwide to Receive This Distinction; This is KinderCare’s Third Year Being Recognized With This Distinction, Making Them One of Only 17 Other Companies to Ever Win Three Consecutive Years in a Row
  • Oregon-Based KinderCare Education is the Nation’s Leading Private Provider of Early Childhood Education and Care; KinderCare Education Comprises of Approximately 1,500 Early Learning Centers, More Than 480 Champions Before and After School Sites, Serving More Than 186,000 Families and Employing More Than 36,000 Teachers and Staff
  • Strong Demographics – Over 78,025 Residents With an Average Household Income of $60,069 Within a 3-Mile Radius; Over 187,900 Residents Within a 10-Mile Radius
  • Nearby Elementary Feeder Schools Include: Oakland, Edgelea, Amelia Earhart and Miami Elementary Schools
  • Situated Near the Corner of Brothers Drive and Teal Road – a Major Traffic Artery in Lafayette With Over 21,866 VPD
  • Just 5-Miles East of Purdue University Which Serves Over 31,000 Students
  • Lafayette is Just 1 Hour Northwest of Downtown Indianapolis and is Home to Arconic Who Opened the World’s Largest Aluminum-Lithium Facility
  • Nearby Tenants Include: Burger King, Dollar General, Long John Silver’s, Wendy’s, Big Lots, Taco Bell, Advance Auto Parts, Sherwin-Williams, AT&T and More
Description:

We are Pleased to Exclusively Offer For Sale the 4,888 SF KinderCare Located at 2233 Brothers Drive in Lafayette, Indiana. This Opportunity Includes a Highly Desirable Triple Net (NNN) Lease Structure With Zero Landlord Responsibilities and a Long Operating History, Providing For a Secure Investment.

In Cooperation With Latitude Commercial Realty, Inc. IN Lic. # Rc50900583
Aaron McDermott - Lic. # RB14031217
2342 Cline Avenue, Schererville, IN 46375

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