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Child Care

KinderCare (Knowledge Beginnings) | Located Across From Intel's 450 Acre Global Headquarters

3585 NE 79th Ave, Hillsboro, OR 97124

Listing Price: $6,115,000

Cap Rate
6.25%
Tenant Name
KinderCare Education
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
12,368
Lease Type
Absolute Net
Rent Per Square Feet
$30.90

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the Knowledge Beginnings located in affluent Hillsboro, OR. The Property benefits from its location directly across the street from Intel's largest campus which employs over 22,000 people. Intel is Oregon's largest private employer. Intel recently completed "D1X's third phase" which cost roughly $3 Billion and added over one million square feet to the campus and added thousands of new jobs. Enrollment at the school will only continue to grow as Intel's presence in Hillsboro continues to grow over time. The lease is guaranteed by KinderCare Education LLC, the parent company of KinderCare Learning Centers and includes the additional brands of Knowledge Beginnings, Champions, The Grove School, and Cambridge Schools. KinderCare Education enrolls more than 200,000 children in more than 1,250 early childhood education community centers, over 600 before-and-after school programs, and over 100 employer-sponsored centers. In 2021, KinderCare Education reported total revenues exceeding $7.8 Billion USD and has delivered 24 quarters of topline and bottom-line consecutive earnings growth. The Property features an absolute NNN lease and a large, 2.83 acre lot allowing for future development potential. The Property benefits from its location on a heavily trafficked signalized hard corner featuring over 40,000 VPD on NW Evergreen Road and NW Cornelius Pass Road. The Property benefits from its location within affluent Hillsboro, OR featuring over 253,000 residents within a 5-mile radius and average household incomes over $115,000 per year, well above the national average. Demand for early education is growing rapidly as roughly 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten, respectively, in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers and an increase in the rate of women employment.

Investment Highlights

  • Located Directly Across the Street From Intel's 450 Acre Global Headquarters and Semiconductor Research Campus
  • Intel Campus Recent $2 Billion Expansion and Plans for Another "Multi-Billion Dollar" Expansion by 2028
  • Intel Global Headquarters Employee Compensation Packages
  • Affluent Demographics with Over 253,000 Residents Within a 5-Mile Radius
  • Strong Corporate Guarantee From KinderCare Education LLC
  • Absolute NNN Lease
  • Large 2.83 Acre Lot Located on a Signalized Intersection
  • Strong Traffic Counts in Excess of 40,000 VPD

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Child Care

KinderCare (Knowledge Beginnings) | Located Across From Intel's 450 Acre Global Headquarters

Listing Price: $6,115,000

Cap Rate
6.25%
Tenant Name
KinderCare Education
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
12,368
Lease Type
Absolute Net
Rent Per Square Feet
$30.90

Investment Highlights

  • Located Directly Across the Street From Intel's 450 Acre Global Headquarters and Semiconductor Research Campus
  • Intel Campus Recent $2 Billion Expansion and Plans for Another "Multi-Billion Dollar" Expansion by 2028
  • Intel Global Headquarters Employee Compensation Packages
  • Affluent Demographics with Over 253,000 Residents Within a 5-Mile Radius
  • Strong Corporate Guarantee From KinderCare Education LLC
  • Absolute NNN Lease
  • Large 2.83 Acre Lot Located on a Signalized Intersection
  • Strong Traffic Counts in Excess of 40,000 VPD

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale the Knowledge Beginnings located in affluent Hillsboro, OR. The Property benefits from its location directly across the street from Intel's largest campus which employs over 22,000 people. Intel is Oregon's largest private employer. Intel recently completed "D1X's third phase" which cost roughly $3 Billion and added over one million square feet to the campus and added thousands of new jobs. Enrollment at the school will only continue to grow as Intel's presence in Hillsboro continues to grow over time. The lease is guaranteed by KinderCare Education LLC, the parent company of KinderCare Learning Centers and includes the additional brands of Knowledge Beginnings, Champions, The Grove School, and Cambridge Schools. KinderCare Education enrolls more than 200,000 children in more than 1,250 early childhood education community centers, over 600 before-and-after school programs, and over 100 employer-sponsored centers. In 2021, KinderCare Education reported total revenues exceeding $7.8 Billion USD and has delivered 24 quarters of topline and bottom-line consecutive earnings growth. The Property features an absolute NNN lease and a large, 2.83 acre lot allowing for future development potential. The Property benefits from its location on a heavily trafficked signalized hard corner featuring over 40,000 VPD on NW Evergreen Road and NW Cornelius Pass Road. The Property benefits from its location within affluent Hillsboro, OR featuring over 253,000 residents within a 5-mile radius and average household incomes over $115,000 per year, well above the national average. Demand for early education is growing rapidly as roughly 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten, respectively, in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers and an increase in the rate of women employment.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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