Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the US
– Lease is backed by a corporate guaranty from KinderCare Learning Companies, the largest childcare operator in the U.S., with 2,600+ early learning programs across 42 states & Washington, D.C.
– As the nation’s leading childcare provider, KinderCare benefits from unparalleled brand recognition and operating scale, leveraging centralized operations, proprietary curriculum, and technology investments to support long-term tenant stability and occupancy performance.
Absolute NNN Lease | 5% Rental Increase in 2029
– Absolute NNN lease structure provides truly passive ownership with no landlord maintenance, repair, or capital expenditure responsibilities.
– Scheduled 5% rent increase in 2029 increases the property’s effective cap rate to approximately 7.88%.
– Four additional five-year renewal options provide long-term income durability with CPI-based rental increases capped at 7%.
22+ Years of Successful Operations on a 3.31-Acre Campus
– KinderCare has operated at this location for more than 22 years, demonstrating a long-term commitment to the site and its surrounding community.
– Originally constructed in 1973 and renovated in 2004 to KinderCare’s specifications, the property has been purpose-built to support childcare operations.
– Situated on a spacious 3.31-acre parcel, providing ample parking, outdoor play areas, and strong underlying real estate fundamentals.
Strategic Pittsburgh MSA Location
– Monroeville serves as a major commercial and retail destination in the eastern Pittsburgh suburbs, benefiting from strong commuter traffic, established residential neighborhoods, and regional accessibility.
– Walmart’s acquisition of the nearby Monroeville Mall and proposed redevelopment into a modern mixed-use destination highlights strong institutional confidence in the corridor and is expected to further enhance the area’s long-term retail, employment, and economic fundamentals.
