Child Care

KinderCare

926 E Aurora Rd, Macedonia, OH 44056

Listing Price: $1,077,000

Cap Rate
7.00%
Tenant Name
KinderCare Learning Centers LLC
Years Remaining On Lease
5.7
Gross SF
5,800
Guarantor
Corporate Guarantee
Rentable SF
5,800
Price/Gross SF
$185.69
Lease Type
Double Net
Rent Per Square Feet
$13.00

Investment Overview

Marcus & Millichap is pleased to present KinderCare in Macedonia, Ohio. The subject property is the fee simple interest in a 5,800-square-foot freestanding building situated on .64 acres. KinderCare is bound by double net lease through September 2026, providing for over five years of remaining lease term. The building was constructed in 1995 and KinderCare extended their lease for an additional ten years in 2016, showing strong commitment to the location and providing the prospective investor confidence in KinderCare’s 20 plus successful years of tenancy at the site. There are two, five-year options remaining, each with substantive rent increases based on the Consumer Price Index. KinderCare Education LLC is the nation’s leading operator of child day care centers, with over 1,270 accredited centers operating under a variety of banners throughout 40 states. KinderCare employs over 37,000, including 27,000 teachers and educates over 186,000 children per day.

Investment Highlights

  • Over Five Years Remaining on Corporate Lease with KinderCare Learning Centers, LLC
  • KinderCare has been Operating at this Location for Over 20 Years
  • Tenant Signed a 10-Year Extension in 2016, Showing Their Strong Commitment to Location
  • Affluent Community | Over $108,000 Average Household Income | Ideal Location and Overall Market for KinderCare
  • Located Directly Off Interstate-271 with 56,654 Vehicles Per Day
  • Close Proximity to Macedonia Commons | Over 700,000-Square-Foot Power Center Less Than Half a Mile Away | Major Anchor Retail Tenants Such as Walmart Supercenter, Home Depot, Cinemark and Kohl's
  • Great Access and Visibility to 22,273 Vehicles Per Day Along East Aurora Road
  • Excellent Demographics: 37,676 Residents Within a Three-Mile Radius | 73,868 Within a Five-Mile Radius

Exclusively Listed By

Listing Price: $1,077,000

Cap Rate
7.00%
Tenant Name
KinderCare Learning Centers LLC
Years Remaining On Lease
5.7
Gross SF
5,800
Guarantor
Corporate Guarantee
Rentable SF
5,800
Price/Gross SF
$185.69
Lease Type
Double Net
Rent Per Square Feet
$13.00

Investment Highlights

  • Over Five Years Remaining on Corporate Lease with KinderCare Learning Centers, LLC
  • KinderCare has been Operating at this Location for Over 20 Years
  • Tenant Signed a 10-Year Extension in 2016, Showing Their Strong Commitment to Location
  • Affluent Community | Over $108,000 Average Household Income | Ideal Location and Overall Market for KinderCare
  • Located Directly Off Interstate-271 with 56,654 Vehicles Per Day
  • Close Proximity to Macedonia Commons | Over 700,000-Square-Foot Power Center Less Than Half a Mile Away | Major Anchor Retail Tenants Such as Walmart Supercenter, Home Depot, Cinemark and Kohl's
  • Great Access and Visibility to 22,273 Vehicles Per Day Along East Aurora Road
  • Excellent Demographics: 37,676 Residents Within a Three-Mile Radius | 73,868 Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present KinderCare in Macedonia, Ohio. The subject property is the fee simple interest in a 5,800-square-foot freestanding building situated on .64 acres. KinderCare is bound by double net lease through September 2026, providing for over five years of remaining lease term. The building was constructed in 1995 and KinderCare extended their lease for an additional ten years in 2016, showing strong commitment to the location and providing the prospective investor confidence in KinderCare’s 20 plus successful years of tenancy at the site. There are two, five-year options remaining, each with substantive rent increases based on the Consumer Price Index. KinderCare Education LLC is the nation’s leading operator of child day care centers, with over 1,270 accredited centers operating under a variety of banners throughout 40 states. KinderCare employs over 37,000, including 27,000 teachers and educates over 186,000 children per day.

Exclusively Listed By

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