Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country
– KinderCare is the largest private provider of high-quality early childhood education in the US by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
– KinderCare currently operates in over 40 states across the United States.
– #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.
KinderCare Completed IPO in October 2024
– KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
– FY 2024 revenues of $2.66B, a 5.9% increase over the previous year.
15+ Years Remaining with 2.00% Annual Rental Increases
– KinderCare signed a brand new, 15-year lease that doesn’t expire until 2040.
– The lease includes 2.00% annual rent increases to hedge inflation and three, five-year tenant option periods.
– Aside from structure and foundation, the tenant is responsible for all maintenance as well as real estate taxes, insurance, common areas, utilities, etc making this a prime opportunity for out-of state investors.
Over $152,000,000 Spent on Education and Daycare in a 5-Mile Radius
– A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
– Participants in early childhood programs, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.
Affluent ($136K+ AHHI in 1-Mile) and Dense Marketplace (188K+ People in 5-Miles)
– The 2nd largest city in Oklahoma and the 47th most populous in the U.S. at approximately 1 million people, Tulsa, once known as the “oil capital of the world”.
– The market is composed of Tulsa, Osage, Okmulgee, Rogers, Wagoner, Creek and Pawnee counties in northeastern Oklahoma, an area commonly referred to as Green Country for its vegetation, hilly terrain and numerous lakes.
– The city of Tulsa is home to the largest share of residents in the metro, with almost 409,000 inhabitants, solidifying it as the second-largest municipality in the state of Oklahoma.
