Child Care

KinderCare

5 Morgan Dr, Spring Township, PA 19608

Listing Price: $2,315,058

Cap Rate
6.00%
Tenant Name
KinderCare
Years Remaining On Lease
10.50
Guarantor
Corporate Guarantee
Rentable SF
9,266
Lease Type
Double Net
Rent Per Square Feet
$14.99

Investment Overview

About The Investment: • KinderCare Learning Centers, LLC Corporate Guaranteed Lease with Brand New (10) Year Lease Term • Double Net (NN) Lease with Minimal Landlord Responsibilities • Strong Roots in Submarket having Operated at this Site for over (21) Years • Attractive Rental Increases of Seven Percent (7%) in Year 6 & CPI in Option Periods About The Location: • Centralized Location l Just five miles away from Downtown Reading, PA (158K+ Population in a 5-mile radius) • Proximal to Route 222 l KinderCare sits adjacent to Business Route 222 which sees Average Traffic Counts exceeding 48,000 Vehicles Per Day • Dense, Stable Middle-Class Demographics l Average Household Income is $86K in a 3 mile radius & 158K Residents within a 5 mile radius • Major Economic Drivers l Subject Site is located less than a mile from Springside manor, a (256) unit apartment complex providing a direct customer base

Investment Highlights

  • • KinderCare Learning Centers, LLC Corporate Guaranteed Lease with Brand New (10) Year Lease Term
  • • Double Net (NN) Lease with Minimal Landlord Responsibilities
  • • Strong Roots in Submarket having Operated at this Site for over (21) Years

Exclusively Listed By

Listing Price: $2,315,058

Cap Rate
6.00%
Tenant Name
KinderCare
Years Remaining On Lease
10.50
Guarantor
Corporate Guarantee
Rentable SF
9,266
Lease Type
Double Net
Rent Per Square Feet
$14.99

Investment Highlights

  • • KinderCare Learning Centers, LLC Corporate Guaranteed Lease with Brand New (10) Year Lease Term
  • • Double Net (NN) Lease with Minimal Landlord Responsibilities
  • • Strong Roots in Submarket having Operated at this Site for over (21) Years

Investment Overview

About The Investment: • KinderCare Learning Centers, LLC Corporate Guaranteed Lease with Brand New (10) Year Lease Term • Double Net (NN) Lease with Minimal Landlord Responsibilities • Strong Roots in Submarket having Operated at this Site for over (21) Years • Attractive Rental Increases of Seven Percent (7%) in Year 6 & CPI in Option Periods About The Location: • Centralized Location l Just five miles away from Downtown Reading, PA (158K+ Population in a 5-mile radius) • Proximal to Route 222 l KinderCare sits adjacent to Business Route 222 which sees Average Traffic Counts exceeding 48,000 Vehicles Per Day • Dense, Stable Middle-Class Demographics l Average Household Income is $86K in a 3 mile radius & 158K Residents within a 5 mile radius • Major Economic Drivers l Subject Site is located less than a mile from Springside manor, a (256) unit apartment complex providing a direct customer base

Exclusively Listed By

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