15+ Years Remaining with 2.00% Annual Increases
– Montessori Kids Universe signed a new 15-year lease at the subject property in 2025.
– The lease has no day-to-day landlord responsibilities and offers 2.00% annual increases throughout the base term.
– In addition to the 15-year base lease term, the tenant has three, five-year options to renew with the same rent increase structure annually.
Over $163,000,000 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 are more likely to enroll in college and potentially experience higher earnings in adulthood.
Detroit MSA – Densely Populated with Nearly 160,000 People in 5-Miles
– The Detroit Metropolitan Statistical Area (MSA) is quite large, encompassing 6 counties in Southeast Michigan: Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne. Its estimated population in 2024 was 4,400,578, making it the 14th largest metro area in the US.
– The Detroit MSA anchors the second-largest regional economy in the Midwest, after Chicago.
– Detroit’s economy is diversifying beyond its traditional automotive base, with growth in sectors like technology, healthcare, and manufacturing. This economic revitalization is attracting new residents and increasing the demand for housing, benefiting property investors.
– The city has seen significant investments in infrastructure, technology, and entrepreneurship, revitalizing areas like Downtown Detroit and the Detroit Riverfront.
Demand For Child Care Remains Extremely Strong
– The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.
– The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.
– The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.
– Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.
