Brand-New 15-Year Lease with 2.00% Annual Rental Increases
– The tenant will sign a new 15-year lease at the subject property at the close of escrow.
– The lease has zero landlord responsibilities whatsoever and offers 2% rental increases every year.
– In addition to the 15-year base lease term, the tenant has two, five-year options to renew the lease with the same rent increase structure annually.
The Goddard School – 600+ Locations In 38 States
– The Goddard School brand has been in operation for 30+ years.
– 2024 Entrepreneur Franchise 500 ranks Goddard #68 for its franchise rankings.
– Goddard serves children as young as 6 weeks old to 6 years old.
Madison MSA – Home to University of Wisconsin
– The Madison metro sits in south-central Wisconsin, roughly 80 miles west of Milwaukee, 150 miles northwest of Chicago and 270 miles southeast of Minneapolis.
– Madison is the state’s capital city and comprises nearly 40% of the metro’s population, with 280,000 citizens.
– The largest public university in the state is also located in the city of Madison, providing local employers with a stream of young and educated personnel.
– 2nd largest city in Wisconsin and the 81st largest city in the U.S. Madison is one of only two major U.S. cities built on an isthmus. It’s nestled between lakes Mendota and Monona.
Demand For Daycare Remains Extremely Strong
– The U.S. childcare 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 childcare services, indicating the high service demand in the U.S.
