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 2041.
– 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 $202,000,000 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 ($153K+ AHHI in 3-Mile) and Dense Marketplace (187K+ People in 5-Miles)
– Kirkwood, Missouri, is widely considered an excellent place to live, consistently ranking among the best suburbs in the St. Louis area and the state.
– Known for its iconic Gateway Arch, the St. Louis metro is situated near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and it has nearly 2.8 million residents.
– The metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun.
