Broomfield, CO - KinderCare

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, KinderCare investment property located in Broomfield, CO. KinderCare signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 12% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities.

KinderCare is located near the corner of E. Baseline Road and County Road 7 with (26,300 VPD). E. Baseline Road is the major East-West link serving the city of Broomfield and provides access to numerous housing developments, retail centers, medical offices and the 250,000 SF expansion to The Children’s Hospital ( ¼ mile to the east). Furthermore, The Larkridge Shopping Center located at I-25 and E. Baseline Road (approximately 1 mile to the east) will be one of the largest retail centers in Colorado supporting thousands of jobs and further growth to the area. A 400,000 SF IKEA Store will soon be constructed North-East of the Larkridge Center and there are additional projects such as the 1,100 Acre Baseline master planned community located south of E. Baseline Road between Sheridan Parkway and I-25. Just to the south of the KinderCare site is the Center Street Project which will be the primary gathering area of the overall master plan. Center Street will total roughly 311,000 SF of which 80K is office, 116k retail, 37k grocery, 78k restaurants and 1,112 residential units.