OFFERING SUMMARY:

PRICE: $5,304,000
CAP RATE: 5.65%
BUILDING SIZE: 11,992 Sq Ft
NOI: $299,680
YEAR BUILT: 2020
LOT SIZE: +/- 1.34 Acres

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HIGHLIGHTS:

  • Corporate Guaranty from KinderCare Education
    KinderCare Learning Centers is the largest childcare provider in the United States, with more than 1,500 learning centers in 40 states and Washington D.C. KinderCare Education is the parent company of KinderCare Learning Centers and includes the additional brands of Knowledge Beginnings, Champions, The Grove School, and Cambridge Schools. The institution has delivered 24 quarters of top-line and bottom-line consecutive earnings growth.
  • Kansas City Metropolitan Statistical Area
    Shawnee, Kansas, in Johnson county, is located four miles northwest of Overland Park, Kansas and is about 20 miles southwest of Kansas City, Missouri. The city is conveniently located inside the Kansas City metropolitan area. Located in the heart of America, Kansas City is an astonishing ethnic and culturally diverse city infused with flavors, traditions and languages that make Kansas City a true melting pot. The Kansas City metro sits close to both the geographic and population centers of the United States and serves as a major regional commercial, industrial and cultural hub.
  • 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 child care, rising demand for daycare centers; and an increase in the number of women employment.
  • Child Care Market has Received more than $50 Billion in Government Support
    The Coronavirus Aid, Relief and Economic Security (CARES) Act of March 2020 provided $3.5 billion in stimulus funding for child care assistance. The Consolidated Appropriations Act (CAA) of December 2020 included $10 billion for the Child Care and Development Block Grant (CCDBG) to supplement state funds to support childcare needs. The American Rescue Plan Act (ARPA) of March 2021 included $15 billion in funding for the CCDBG and an additional $24 billion for a COVID-19 childcare relief and stabilization fund. The ARPA provides monthly child tax credit payments of $300 for each child under six years old and of $250 for each child ages six through 17.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Vice President Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

Co-Listed With:
CHAD LIEBER
First Vice President

KANSAS BOR
Colby Haugness
Lic #00241410