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Child Care

KinderCare

20245 N 67th Ave, Glendale, AZ 85308

Listing Price: $4,358,000

Cap Rate
5.35%
Tenant Name
KinderCare Learning Centers, LLC
Years Remaining On Lease
7.0
Gross SF
10,401
Guarantor
Corporate Guarantee
Rentable SF
10,401
Price/Gross SF
$419.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.42

Investment Overview

KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day. The city of Glendale is the sports destination for all of Arizona. Located about nine miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Seven Years Remaining
  • Corporate Guaranty with KinderCare Learning Companies (2,000+ Locations)
  • 277,062 Residents within a Five-Mile Radius - Phoenix MSA
  • 4.4 Percent Rental Increase Occurring on July 1, 2024
  • Strong Performing Location - Unit is Currently at Maximum Student Capacity (168 Children)
  • Situated within a Safeway-Anchored Center - Neighboring Retailers Include Starbucks, McDonald's, Dunkin' Donuts, and Bank of America
  • Excellent Location within the Arrowhead Ranch Neighborhood, a Residential Community Home to Parks, Retail, Restaurants, and Two Golf Courses
  • Located Immediately Off the Loop 101 Freeway (166,400+ Cars per Day)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Child Care

KinderCare

Listing Price: $4,358,000

Cap Rate
5.35%
Tenant Name
KinderCare Learning Centers, LLC
Years Remaining On Lease
7.0
Gross SF
10,401
Guarantor
Corporate Guarantee
Rentable SF
10,401
Price/Gross SF
$419.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.42

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Seven Years Remaining
  • Corporate Guaranty with KinderCare Learning Companies (2,000+ Locations)
  • 277,062 Residents within a Five-Mile Radius - Phoenix MSA
  • 4.4 Percent Rental Increase Occurring on July 1, 2024
  • Strong Performing Location - Unit is Currently at Maximum Student Capacity (168 Children)
  • Situated within a Safeway-Anchored Center - Neighboring Retailers Include Starbucks, McDonald's, Dunkin' Donuts, and Bank of America
  • Excellent Location within the Arrowhead Ranch Neighborhood, a Residential Community Home to Parks, Retail, Restaurants, and Two Golf Courses
  • Located Immediately Off the Loop 101 Freeway (166,400+ Cars per Day)

Investment Overview

KinderCare Learning Centers are community-based centers offering education and care for children six weeks to 12 years old in neighborhoods across the country. Through over 1,500 KinderCare Learning Centers, children engage in purposeful learning and play every day. The city of Glendale is the sports destination for all of Arizona. Located about nine miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management. The city's estimated 2020 population was just under 250,000.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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