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Child Care

KinderCare Learning Center

2240 E Parham Rd, Richmond, VA 23228

Listing Price: $2,482,473

Cap Rate
5.50%
Tenant Name
KinderCare
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
6,260
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.81

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KinderCare Learning Center located at 2240 East Parham Road in Richmond, Virginia. The site consists of roughly 6,260 rentable square feet of building space on estimated 0.87-acre parcel of land. This Learning Tree is subject to a 12-year absolute triple-net (NNN) lease, which commenced June 1st, 2021. The current annual rent is set to increase every five years by the lesser of 10% or the change in Consumer Price Index during the preceding term. KinderCare recently extended the lease until 2033 showing commitment to the location. This property features a corporate guaranty from Kinder Care Education, the parent company of KinderCare Learning Centers and includes the additional brands of Knowledge Beginnings, Champions, The Grove School, and Cambridge Schools. KinderCare Learning Centers is the largest childcare provider in the United States, with more than 1,500 learning centers in 40 states and Washington D.C.

Investment Highlights

  • Long-Term, 12-Year Absolute Triple Net (NNN) Lease
  • Approximately 11 Years Remaining On The Base Term
  • Early Lease Extension to 2033, Demonstrating Tenant Commitment to This Location

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    (212) 430-6164

    Email Cade

    License(s): NY: 10401307341

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Child Care

KinderCare Learning Center

Listing Price: $2,482,473

Cap Rate
5.50%
Tenant Name
KinderCare
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
6,260
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.81

Investment Highlights

  • Long-Term, 12-Year Absolute Triple Net (NNN) Lease
  • Approximately 11 Years Remaining On The Base Term
  • Early Lease Extension to 2033, Demonstrating Tenant Commitment to This Location

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KinderCare Learning Center located at 2240 East Parham Road in Richmond, Virginia. The site consists of roughly 6,260 rentable square feet of building space on estimated 0.87-acre parcel of land. This Learning Tree is subject to a 12-year absolute triple-net (NNN) lease, which commenced June 1st, 2021. The current annual rent is set to increase every five years by the lesser of 10% or the change in Consumer Price Index during the preceding term. KinderCare recently extended the lease until 2033 showing commitment to the location. This property features a corporate guaranty from Kinder Care Education, the parent company of KinderCare Learning Centers and includes the additional brands of Knowledge Beginnings, Champions, The Grove School, and Cambridge Schools. KinderCare Learning Centers is the largest childcare provider in the United States, with more than 1,500 learning centers in 40 states and Washington D.C.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    (212) 430-6164

    Email Cade

    License(s): NY: 10401307341

    Manhattan

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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