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 2025 revenues of $2.73B, a 6.0% increase over the previous year.
7+ Years Remaining with 2.50% Annual Rental Increases
– KinderCare has over 7 years remaining after extending the lease an additional 5-years that doesn’t expire until 2034.
– The lease includes 2.50% annual rent increases to hedge inflation and two, five-year options to renew.
– 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 $83,000,000 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.
Cincinnati MSA (2,200,000+ People)
– Often called the “Queen City,” is a vibrant Ohio River metropolis with over 309,000 residents (2.2 million metro) located at the border of Ohio and Kentucky.
– The area’s traditional employment bases in aerospace, automotive, chemistry and financial services will keep contributing to the metro’s economic landscape.
– The Cincinnati/Northern Kentucky International Airport ranks as one of the nation’s largest cargo airports, positioning the metro as a regional distribution hub.
