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Views: 85 DOM: 131 Updated: 11.08.24 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 1.4
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

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 increases 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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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 : 14,953 129,632 373,778
2024 Total Population : 15,234 129,072 372,304
2024 Employed Civilian Pop : 8,965 75,897 215,667
2024 Total Businesses : 520 8,347 21,390
2024 Average Household Income : $ 141,679 $ 143,266 $ 136,849
2024 Total Consumer Spending : $ 915 M $ 7535 M $ 19664 M
2024 Median Age : 37 38 37
2024 Total Households : 7,318 59,929 164,396
2024 Pop Age 25+: Bachelor's Degree : 4,833 36,785 101,928
2024 Average Home Value : $ 760,690 $ 687,752 $ 563,290
*ESRI data is presented for informational purposes only

Listing Broker

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