CAP RATE: 5.75%
BUILDING SIZE: 18,000 Sq Ft
YEAR BUILT | RENOVATED: 2000 | 2008
LOT SIZE: +/- 1.55 Acres
- Brand New 15-Year Lease Extension
Childtime recently extended their lease for an additional fifteen years (commencing April 1, 2022), showing a long-term commitment to this location. The lease calls for an increases of 10% every five years, offering an important hedge against inflation and built-in increase to NOI.
- Corporate Guarantee from Learning Care Group (900 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.
- Near Ford Motor Company World Headquarters – Plans for 20,000+ Employees
The plan is to consolidate Ford’s operations, distilling 30,000 employees from over 70 buildings into two primary campuses: The Ford World Headquarters and the Re-search and Engineering Center, the latter of which would increase the number of employees from 12,000 to 24,000. The focal point will be a new central campus building which sits on the site of Ford’s 66-year-old Product Development Center, located on the northwest corner of today’s Research & Engineering Center.
- 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.