Monday, October 13, 2014

Net Lease KinderCare For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed KinderCare property located within the Green Bay MSA. This is a proven KinderCare location as evidenced by their long and successful operating history and their recent lease extension. In July 2014, KinderCare executed a new ten year lease. The ten year lease expires July 31, 2024 and features a 5% rental escalation in the primary term. KinderCare is the largest for-profit child care provider in the country and operates over 1,600 locations.

The 2.84 acre KinderCare property is situated between Arcadian Lane and Heritage Road. Heritage Road is a main thoroughfare in the area. The property benefits from its location that is surrounded by single family homes. Additionally, the KinderCare property benefits from its proximity to several elementary schools including Altmayer Elementary, Dickinson Elementary, and Heritage Elementary. All three schools have enrollment in excess of 520 students and are located less than two miles from the property. There are approximately 70,000 people living within a five mile radius of the property earning average household incomes in excess of $71,000.