Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, KinderCare investment property located in Shawnee, Kansas. The tenant, KinderCare Education LLC, has over 13 years remaining on their current lease term with 1 (10-year) option and 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases during the initial term and continuing into the option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The KinderCare is located adjacent to State Highway 7, which averages 27,400 vehicles passing by daily and is a major north/south thoroughfare serving the city of Shawnee. The asset is ideally situated within a mile of multiple elementary schools, including Belmont Elementary (421 students), Prairie Ridge Elementary School (436 students), and Clear Creek Elementary School (162 students), providing parents with an easy one-stop drop-off location for all of their children’s educational needs. The asset is less than a half mile north of a Walmart Supercenter, a 152,000 square foot retail center that attracts consumers to the local trade area. In addition, KinderCare is located a few miles northwest of Shawnee Station, a 298,000 square foot shopping center anchored by Target, Kohl’s, and PetSmart. The property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Lowe’s Home Improvement, Michaels, Dollar Tree, and more, increasing consumer traffic to the immediate trade area. The 5-mile local trade area is supported by a population of over 49,200 with an affluent average household income of $128,813.

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