Child Care
KinderCare
615 1st Ave SE, Cedar Rapids, IA 52401
Listing Price: $3,720,000
Cap Rate
6.50%
Tenant Name
KinderCare
Years Remaining On Lease
7.4
Gross SF
34,483
Guarantor
Corporate Guarantee
Rentable SF
34,483
Price/Gross SF
$107.88
Lease Type
Double Net
Rent Per Square Feet
$7.02
Investment Overview
Marcus & Millichap is pleased to present this single tenant KinderCare in downtown Cedar Rapids, IA. Over seven years remain on the double net lease, and a 10% rent increase is scheduled in November 2027.
Investment Highlights
- Double Net Lease Through October 2032
- 10% Rent Increase in 2027
- Corner Location in Downtown Cedar Rapids with Courtyard Playground
- Corporate Guarantee From KinderCare, the Largest Childcare Provider with Over 1,400 Locations
Broker of Record
Financing By
Listing Price: $3,720,000
Cap Rate
6.50%
Tenant Name
KinderCare
Years Remaining On Lease
7.4
Gross SF
34,483
Guarantor
Corporate Guarantee
Rentable SF
34,483
Price/Gross SF
$107.88
Lease Type
Double Net
Rent Per Square Feet
$7.02
Investment Highlights
- Double Net Lease Through October 2032
- 10% Rent Increase in 2027
- Corner Location in Downtown Cedar Rapids with Courtyard Playground
- Corporate Guarantee From KinderCare, the Largest Childcare Provider with Over 1,400 Locations
Investment Overview
Marcus & Millichap is pleased to present this single tenant KinderCare in downtown Cedar Rapids, IA. Over seven years remain on the double net lease, and a 10% rent increase is scheduled in November 2027.
Broker of Record
Financing By

