Child Care

KinderCare Daycare

1069 MD-3, Gambrills, MD 21054

Listing Price: $5,040,585

Cap Rate
6.85%
Years Remaining On Lease
13.7
Gross SF
9,728
Rentable SF
9,728
Price/Gross SF
$518.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KinderCare property located at 1069 MD-3, Gambrills, Maryland. This KinderCare property recently extended the term of their lease for 11 years after operating in this location since 2008. This is an ideal market for KinderCare as both home values and average household income are extremely high. Investors should note that the 11-year extension was secured at a reduced annual rent, allowing investors to benefit by receiving a significantly higher yield through October of 2023. The offering is priced off of the future rent which yields a new owner a Cap Rate 70 basis points higher than the advertised Cap Rate.

Investment Highlights

  • KinderCare Recently Extended the Term of this Lease 3 Years Prior to Lease Expiration
  • This Offering is Priced Off a Lower, Future Rent Allowing an Investor a Significant
  • 14+ Years Remaining on a Triple Net (NNN) With Zero Landlord Responsibilities

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

  • Anthony D'Ambrosia

    Licensed Real Estate Salesperson

    (212) 430-5237

    Email Anthony

    License(s): NY: 10401263344

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    Email Cade

    License(s): NY: 10401307341

    Manhattan

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): MD: 646476

    Maryland

Listing Price: $5,040,585

Cap Rate
6.85%
Years Remaining On Lease
13.7
Gross SF
9,728
Rentable SF
9,728
Price/Gross SF
$518.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.49

Investment Highlights

  • KinderCare Recently Extended the Term of this Lease 3 Years Prior to Lease Expiration
  • This Offering is Priced Off a Lower, Future Rent Allowing an Investor a Significant
  • 14+ Years Remaining on a Triple Net (NNN) With Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a KinderCare property located at 1069 MD-3, Gambrills, Maryland. This KinderCare property recently extended the term of their lease for 11 years after operating in this location since 2008. This is an ideal market for KinderCare as both home values and average household income are extremely high. Investors should note that the 11-year extension was secured at a reduced annual rent, allowing investors to benefit by receiving a significantly higher yield through October of 2023. The offering is priced off of the future rent which yields a new owner a Cap Rate 70 basis points higher than the advertised Cap Rate.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

  • Anthony D'Ambrosia

    Licensed Real Estate Salesperson

    (212) 430-5237

    Email Anthony

    License(s): NY: 10401263344

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    Email Cade

    License(s): NY: 10401307341

    Manhattan

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): MD: 646476

    Maryland

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