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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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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