CAP RATE: 6.40%
BUILDING SIZE: 10,400 Sq Ft
YEAR BUILT: 2005
LOT SIZE: +/- 1.40 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.
- Affluent Detroit Suburb – One-Mile AHHI Exceeds $117,000
Located in southeast Michigan, Macomb County is 483.7 square miles. The county features more than 17,000 acres of parks and recreational spaces and is equipped with more than 155 miles of non-motorized trails. Fishing, boating and kayaking opportunities abound on the Clinton River and Lake St. Clair.
- 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