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Views: 51 DOM: 153 Updated: 10.18.24 Posted: 07.03.24 Status: Active

Summary

Price $1,060,714
Built/Renov 1981
Tenant Kindercare
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 4,950
Lease Start 12-30-1987
#Units 2,300
Price/SF $214.29
Expiration 09-30-2027
Tenant Type Daycare/Education
NOI $74,250
R. Term 2.10
Ownership Fee Simple
Rent/SF $15.00
Increases 0.0%/0/yrs
Pop 5Mi 189,263
Lot/AC 0.76
Options 2/6yrs
AHHI 5Mi $86,946

Lease Highlights

  • Kindercare has been operating in this location for over 35 years
  • The tenant has 2+ years remaining on the current lease term with 2 (6-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

KinderCare is strategically located on Anderson Ferry Road, surrounded by densely developed residential neighborhoods and offering convenient access to several area public schools as well as Mount St. Joseph University. The property is situated 1.5 miles south of Glenway Avenue (OH Route 264), the area’s primary commercial corridor, and is in proximity to well-known national tenants including...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kindercare
  • Guarantor:Corp Traded
  • Company:Partners Group
  • # Units:2,300
  • Stock: SIX: PGHN

About Tenant

KinderCare Learning Centers is an American operator of for-profit child care and early childhood education facilities providing educational programs for children from six weeks to 12 years old....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,446 99,216 190,340
2024 Total Population : 14,549 99,107 189,980
2024 Employed Civilian Pop : 8,117 49,808 94,339
2024 Total Businesses : 246 1,965 5,335
2024 Average Household Income : $ 94,335 $ 80,571 $ 86,269
2024 Total Consumer Spending : $ 471 M $ 2807 M $ 5901 M
2024 Median Age : 39 37 37
2024 Total Households : 5,703 39,273 77,256
2024 Pop Age 25+: Bachelor's Degree : 2,741 12,928 26,562
2024 Average Home Value : $ 255,123 $ 252,786 $ 270,242
*ESRI data is presented for informational purposes only

Listing Broker

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