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Child Care

KinderCare Learning Center

8453 E Point Douglas Rd S, Cottage Grove, MN 55016

Listing Price: $1,195,000

Cap Rate
6.75%
Tenant Name
KinderCare
Years Remaining On Lease
4.9
Gross SF
6,360
Guarantor
Corporate Guarantee
Rentable SF
6,360
Price/Gross SF
$187.89
Lease Type
Absolute Net
Rent Per Square Feet
$12.69

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a corporate guaranteed (KinderCare Learning Centers LLC - Nearly 2,000 Total Schools) KinderCare located in Cottage Grove, Minnesota. The tenant has 5-years remaining on an Absolute NNN lease and has operated at this site for 30+ years. In May 2020 during the COVID-19 pandemic, KinderCare agreed to exercise their first 5-year option early and upon the same rental rates as previously agreed upon. This site is open to kids ranging from 6 weeks old to 10 years while maintaining hours of operation Monday - Friday from 6:00 AM - 6:00 PM. In order to facilitate this, KinderCare busses to four (4) different Elementary Schools: Cottage Grove, Pullman, Armstrong and Hillside. KinderCare Education is headquartered in Portland, Oregon. This past year in 2021, KinderCare Education won their fifth consecutive Gallup Exceptional Workplace Award - this achievement made them one of only four companies to win the award five consecutive years. Additionally, KinderCare remains the largest provider of early childhood and school aged education in childcare with nearly 2,000 early learning centers and sites in the country.

Investment Highlights

  • Original Lease with KinderCare Signed December of 1983 | 30+ Year Operating History at this Site
  • KinderCare Exercised First 5-Year Option Early in May 2020 (Rent Increased 11% with Extension) | Strong Commitment to Site During COVID-19 Pandemic
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • National, Internet-Resistant Tenant | KinderCare Education Operates Nearly 2,000 Early Learning Centers and Sites | One of Only Four Companies to Win Gallup Exceptional Workplace Award for Five Consecutive Years
  • 6-Mile Population in Excess of 84,000 | Average Household Income Greater than $114,000
  • KinderCare Busses to Four (4) Elementary Schools: Cottage Grove, Pullman, Armstrong & Hillside
  • VPD Along E Point Douglas Rd S of 9,100 | VPD Along Jamaica Ave S of 16,500
  • Positioned in Strong Retail Corridor with National Tenants Including: Target, Applebee's, Taco Bell, O'Reilly Auto Parts, AutoZone, ALDI, Wendy's and Many More

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $1,195,000

Cap Rate
6.75%
Tenant Name
KinderCare
Years Remaining On Lease
4.9
Gross SF
6,360
Guarantor
Corporate Guarantee
Rentable SF
6,360
Price/Gross SF
$187.89
Lease Type
Absolute Net
Rent Per Square Feet
$12.69

Investment Highlights

  • Original Lease with KinderCare Signed December of 1983 | 30+ Year Operating History at this Site
  • KinderCare Exercised First 5-Year Option Early in May 2020 (Rent Increased 11% with Extension) | Strong Commitment to Site During COVID-19 Pandemic
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • National, Internet-Resistant Tenant | KinderCare Education Operates Nearly 2,000 Early Learning Centers and Sites | One of Only Four Companies to Win Gallup Exceptional Workplace Award for Five Consecutive Years
  • 6-Mile Population in Excess of 84,000 | Average Household Income Greater than $114,000
  • KinderCare Busses to Four (4) Elementary Schools: Cottage Grove, Pullman, Armstrong & Hillside
  • VPD Along E Point Douglas Rd S of 9,100 | VPD Along Jamaica Ave S of 16,500
  • Positioned in Strong Retail Corridor with National Tenants Including: Target, Applebee's, Taco Bell, O'Reilly Auto Parts, AutoZone, ALDI, Wendy's and Many More

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple ownership in a corporate guaranteed (KinderCare Learning Centers LLC - Nearly 2,000 Total Schools) KinderCare located in Cottage Grove, Minnesota. The tenant has 5-years remaining on an Absolute NNN lease and has operated at this site for 30+ years. In May 2020 during the COVID-19 pandemic, KinderCare agreed to exercise their first 5-year option early and upon the same rental rates as previously agreed upon. This site is open to kids ranging from 6 weeks old to 10 years while maintaining hours of operation Monday - Friday from 6:00 AM - 6:00 PM. In order to facilitate this, KinderCare busses to four (4) different Elementary Schools: Cottage Grove, Pullman, Armstrong and Hillside. KinderCare Education is headquartered in Portland, Oregon. This past year in 2021, KinderCare Education won their fifth consecutive Gallup Exceptional Workplace Award - this achievement made them one of only four companies to win the award five consecutive years. Additionally, KinderCare remains the largest provider of early childhood and school aged education in childcare with nearly 2,000 early learning centers and sites in the country.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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