CAP RATE: 6.40%
BUILDING SIZE: 10,400 Sq Ft
YEAR BUILT: 2004
LOT SIZE: +/- 4.00 Acres
- Corporate Guarantee from Learning Care Group (1,000-Plus Units Nationwide)
Learning Care Group, Incorporated is the second-largest for-profit child care provider in North America and a leader in early education. Our programs are designed for children aged six weeks to 12 years. Across our seven unique brands, we’re committed to creating state-of-the-art facilities with the latest technology and expert-driven curricula created by our own education team.
- New Seven-Year Lease Extension
Childtime recently extended their lease for an additional seven years and 11 months (commencing February 1, 2023), showing a long-term commitment to this location. The lease calls for an increase in year five of 10%, offering an important hedge against inflation and built-in increase to NOI.
- Detroit Metropolitan Statistical Area
Chesterfield Township is located approximately 30 miles north of Detroit, Michigan’s largest city. With a walkable downtown, alley ways are portals to nights of unbridled entertainment, streets are lined with award winning restaurants, thriving small businesses, and music playing from buildings that make you dance your way to the next spot.
- Demand for Child Care Remains Extremely Strong
The early education and daycare segment dominated the U.S. child care market and accounted for the largest revenue share in 2019. This is owing to an increasing number of daycare and early education centers in the country. The demand for early education is growing rapidly as around 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten respectively in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers; and an increase in the number of women employment.
EXCLUSIVELY LISTED BY:
Senior Vice President Investments
Senior Director, Net Lease Properties Division
First Vice President