KinderCare

Highlights:

• Brand-new 15-year absolute net corporate net lease
• 2% annual rental increases throughout the base term and options
• Replaceable $33/ft. rent – education users pay $40-50/ft.+ in rent for most new leases
• 20-year roof warranty in place (15+ years remaining)
• Lease is guaranteed by KinderCare Learning Companies, Inc. (S&P: KLC), a publicly traded corporate school operator with significant financial backing
• KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result (per Moody’s)
• Extremely affluent demographics – $170,000 average household incomes within a 3-mile radius of the subject property
• Dense residential trade area – 296,000 residents within a 5-mile radius of the subject property
• Nearby Streets at SouthGlenn, anchored by Whole Foods, ranks in the top 6% of shopping centers nationwide in terms of annual visits (per Placer.ai)

Description:

A brand-new 15-year absolute net KinderCare lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Centennial – an affluent Denver suburb boasting average household incomes of $170,000 within a 3-mile radius.

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