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Child Care

Kindercare

7380 S Buffalo Dr, Las Vegas, NV 89113

Listing Price: $7,990,000

Cap Rate
5.73%
Tenant Name
Kindercare
Years Remaining On Lease
12.1
Guarantor
Corporate Guarantee
Rentable SF
12,931
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.40

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 in Las Vegas (Enterprise), Nevada. The tenant has 12+ years remaining on a Triple Net (NNN) lease that commenced November 2018. This site is open to kids ranging from 6 weeks to 5 years old while maintaining hours of operation Monday – Friday from 6:00 AM – 6:30 PM. 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

  • 12/yrs. Remaining on Corporate Guaranteed NNN Lease
  • Income Tax Free State | 7 Miles +/- to Iconic Las Vegas Strip
  • 20/yr. Roof Warranty | Minimal Landlord Responsibility
  • Strong Population Density| 4 Mile Population in Excess of 217,000
  • National, Internet-Resistant Tenant | Nearly 2,000 Early Learning Centers and Sites
  • One of Only Four Companies to Win Gallup Exceptional Workplace Award for Five Consecutive Years

Exclusively Listed By

Listing Price: $7,990,000

Cap Rate
5.73%
Tenant Name
Kindercare
Years Remaining On Lease
12.1
Guarantor
Corporate Guarantee
Rentable SF
12,931
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.40

Investment Highlights

  • 12/yrs. Remaining on Corporate Guaranteed NNN Lease
  • Income Tax Free State | 7 Miles +/- to Iconic Las Vegas Strip
  • 20/yr. Roof Warranty | Minimal Landlord Responsibility
  • Strong Population Density| 4 Mile Population in Excess of 217,000
  • National, Internet-Resistant Tenant | Nearly 2,000 Early Learning Centers and Sites
  • One of Only Four Companies to Win Gallup Exceptional Workplace Award for Five Consecutive Years

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 in Las Vegas (Enterprise), Nevada. The tenant has 12+ years remaining on a Triple Net (NNN) lease that commenced November 2018. This site is open to kids ranging from 6 weeks to 5 years old while maintaining hours of operation Monday – Friday from 6:00 AM – 6:30 PM. 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

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