KinderCare - Webster, NY_Property for Sale
KinderCare - Webster, NY_Property for Sale
856 Holt Rd, Webster, NY, 14580, US

KinderCare - Webster, NY

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 10,608 square foot freestanding, single-tenant KinderCare located at 856 Holt Rd in Webster, NY (“Property” or “Asset”).


The Asset is 100% leased to Knowledge Learning Corporation (“KinderCare” or “Tenant”) on an Absolute NNN lease with zero landlord responsibilities, and two, five-year extension options with CPI escalations*. The Tenant has operated at the site for 17+ years, and recently extended their lease early, through 2030, and received a $120,000 TI package for an impending capital investment. KinderCare is a leading provider of early childhood education and childcare services in the United States, operating over 2,000 childcare centers in 40 states and serving more than 165,000 children and employing over 38,000 teachers and staff.


The Property is located a quarter mile from the Towne Center at Webster, which sees 5.1M annual visitors and ranks in the top 5% of shopping centers in the nation by visits. This retail demand driver, paired with a surrounding 3-mile demographic profile of $117,000+ average HH income across 39,000+ residents, results in a tremendous consumer base for the tenant and accessed via NY-104 (combined 54,700+ vehicles per day).


This unique opportunity allows investors the ability to acquire a single-tenant retail asset adjacent to one of the top shopping centers in the nation. The asset cash flow backed by one of the largest childcare providers in the country. 


...

Attributes

Asking price
€2,319,000
Cap rate
7.05%
Building area net
986 m²
Occupancy
100%
Year built
2007
Land area gross
0.61 ha
WAULT
6 years

Media

Investment Highlights

  • Top Childcare Provider in the Nation with 17+ Year Operating History
  • Commitment to Site w/ Early Lease Extension & $120K Investment from Tenant
  • Two, five-year Extension Options with CPI Escalations
  • $117K Average HH Income within a 3-Mile Radius
  • Adjacent Shopping Center sees 5.1M Visitors Annually (Top 5% in the Nation, placer.ai)
  • Accessible via NY-104 (54,000+ Vehicles per Day)
  • Absolute NNN Lease with Zero Landlord Responsibilities


KinderCare - Webster, NY 4_Property for Sale
KinderCare - Webster, NY 4_Property for Sale

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KinderCare - Webster, NY (0 Properties)

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Last updated
20 May 2024