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KinderCare

5516 West Plano Parkway, Plano, TX 75093

$6,265,097

Cap Rate 8.75%

Views: 22 DOM: 38 Updated: 09.12.24 Posted: 08.12.24 Status: Active

Summary

Price $6,265,097
Built/Renov 1998
Tenant KinderCare
Cap Rate 8.75%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 20,417
Lease Start 04-02-2004
#Units 2,300
Price/SF $306.86
Expiration 05-01-2026
Tenant Type Daycare/Education
NOI $548,196
R. Term 1.7
Ownership Fee Simple
Rent/SF $26.85
Increases 0.0%/0/yrs
Pop 5Mi 454,625
Lot/AC 2.95
Options 4/5yrs
AHHI 5Mi $135,143

Andrew Gilbert
Sands Investment Group
Contact

Adam Bridges
Sands Investment Group
Contact

Clifton McCrory
Sands Investment Group
Contact

Ryan Sompayrac
Sands Investment Group
Contact

Lease Highlights

  • KinderCare has been operating in this location for 20 years
  • The tenant has 1+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features CPI rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

KinderCare is strategically located at the signalized, hard corner intersection of West Plano Parkway and Campbell Road, with access to a combined daily traffic count of 36,852 vehicles. The immediate area is surrounded by well-known tenants, including Party City, Marshalls, Five Below, Crunch, Burlington, and more. The 5-mile trade area supports a population of 454,625 residents with an...

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Key Features

  • Hard corner intersection

  • In location for years

  • Strategically located

  • Freeway close

  • Strong demographics

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

KinderCare Wikipedia KinderCare Wikipedia Loveland, Colorado Zip Code 80538 Broker Site Page

Documents

Download OM

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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Listing Broker

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