Press Releases
Marcus & Millichap Arranges $6.97M Sale of Triple-Net-Leased KinderCare Learning Center in Round Rock, Texas
November 03, 2026
ROUND ROCK, Texas, Nov. 3, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of KinderCare Learning Center, a 12,327-square-foot, triple-net-leased childcare facility located at 1900 S. A.W. Grimes Blvd. in Round Rock, Texas. The property sold for $6.97 million, or $565.52 per square-foot, at a 6.6 percent cap rate.
“This transaction provided the buyer with an opportunity to acquire a corporate-backed childcare property in one of the fastest-growing markets in the Austin metropolitan area,” said Jon Talia, managing director investments. “The property's proximity to Dell Technologies' global headquarters and several major healthcare employers, combined with continued residential development in Round Rock, supports long-term demand for childcare services in the area.”
Talia and Alvin Mansour, in Marcus & Millichap’s San Diego office, had the exclusive listing to market the property on behalf of the seller, a California-based private investor. The buyer was a private investor.
Built in 2017, the property is situated on a 1.79-acre parcel and is leased to KinderCare under a corporate-guaranteed, triple-net lease with approximately seven years remaining and 12 percent rental increases every five years. The property is located along A.W. Grimes Boulevard, near Dell Technologies' global headquarters and the Avery Centre master-planned development. The surrounding area includes residential neighborhoods, major healthcare employers and access to Interstate 35 and State Highway 45.
“This transaction provided the buyer with an opportunity to acquire a corporate-backed childcare property in one of the fastest-growing markets in the Austin metropolitan area,” said Jon Talia, managing director investments. “The property's proximity to Dell Technologies' global headquarters and several major healthcare employers, combined with continued residential development in Round Rock, supports long-term demand for childcare services in the area.”
Talia and Alvin Mansour, in Marcus & Millichap’s San Diego office, had the exclusive listing to market the property on behalf of the seller, a California-based private investor. The buyer was a private investor.
Built in 2017, the property is situated on a 1.79-acre parcel and is leased to KinderCare under a corporate-guaranteed, triple-net lease with approximately seven years remaining and 12 percent rental increases every five years. The property is located along A.W. Grimes Boulevard, near Dell Technologies' global headquarters and the Avery Centre master-planned development. The surrounding area includes residential neighborhoods, major healthcare employers and access to Interstate 35 and State Highway 45.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
