Features

• National, Internet-Resistant Tenant | KinderCare
  • Over 1,300 Locations Nationally
• Over 30 Years of Operating History
  • KinderCare Has Been Operating at this Location Since 1990
• Triple-Net Lease | Minimal Landlord Responsibilities
• 10.5 Years Remaining on Corporately Guaranteed Lease
  • Tenant Recently Executed Lease Extension
  • One, Five-Year Extension Remaining
• Lease Features Multiple Upcoming Rental Increases
  • Six Percent Increase in September 2021
  • 10 Percent Increase in September 2026
• Low, Replaceable Rent
• Attractive Demographics
  • 61,108 People Live Within Three Miles of the Property
  • Average Household Income Within One Mile is $138,968
• Located One Block North of the Heavily Traveled Sutton Road and Stearns Road Intersection
  • 55,075 Total Vehicles per Day
• Notable Tenants in the Area Include Walgreens, The Home Depot, Dollar Tree, Anytime Fitness, Northwestern Medicine, Amita Health, Starbucks, McDonalds and Many More
• Childcare Growth Anticipation
  • Global Market for Preschool or Child Care Estimated to Grow Annually Through 2027 by 12.7 Percent
  • Preschool/Child Care Market in United States is Currently Estimated to be $1.3 Billion

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock