CAP RATE: 5.50%
BUILDING SIZE: 11,990 Sq Ft
YEAR BUILT: 2021
LOT SIZE: +/- 1.87 Acres
- 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.
- Des Moines Metropolitan Statistical Area
The rapidly growing community of West Des Moines recognizes the importance of quality of life which includes improvements in human development, education, health, environmental sustain-ability, as well as recreational amenities and social infrastructure. The city of Des Moines is Iowa’s capital city and the county seat of Polk County. The local government serves more than 215,000 residents throughout 52 neighborhoods with more than 4,000 acres of parkland and 81 miles of trails. The city of Des Moines stands to be a financially strong city with exceptional city services, fostering an involved community in a customer friendly atmosphere.
- 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.
- 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 childcare 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.