Long-Term Commitment to Location – 25+ Year Operating History
– Tutor Time has occupied the property since 1999 and has renewed their lease multiple times.
– The tenant most recently renewed their lease for a period of seven years in 2021.
– Tutor Time has a modest occupancy cost with rents of only $19.74 per square foot.
Learning Care Group – 2nd Largest Corporate Operator in the Country
– Learning Care Group is the 2nd Largest Corporate Operator in the country, only behind KinderCare.
– Learning Care Group currently operates over 1,100 locations across forty states.
– Learning Care Group serves over 165,000 children nationwide.
Wichita, KS – Most Populated City in the State of Kansas
– There is a population density of 107,513 with an average household income of $105,000+ within a 5-mile radius of the subject property.
– There are 12+ middle schools and high schools located within a 3-mile radius of the subject property.
– Wichita is a growing market and is expected to a population of 750,000+ by the year 2040 according to Wichita State University’s Center for Economic Development & Business Research.
Demand for Child Care Remains Extremely Strong
– The US 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 United States is very high. As per the cost of care survey facilitated by the United States Department of Health and Human Services, the expenditure on these services reached up to 7% of household income in 2021.
– Families in the United States are willing to spend more on child care services, indicating the high service demand in the US.
