The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI rent bumps every five years, not to exceed seven percent. There are currently seven years remaining on the lease with four, five-year options. Sales Info: ■ Cap rate: 6.5% ■ NOI: $255,366 Location Description: The subject property is 8,939 square feet, built in approximately 2008, and is located less than a mile northwest of Highway Interstate 130 at 304/300 D Princeton-Hightstown Road. The surrounding area is highly conducive to childcare centers and includes elementary schools, parks, dance/karate centers and abundant residential housing. There is extensive national retail in close proximity including Target, CVS Pharmacy, Ross, Staples, and several prominent QSR brands. The township of East Windsor encompasses approximately 16 square miles in Mercer County in New Jersey and has strong median household income of $84,500 per the 2010 Census. Highlights: ■ Rare and Unique Opportunity to Acquire a Portfolio of Six Childcare Centers in Five States - Properties may also be Acquired Individually ■ Each Property is Subject to its Own Absolute-Net Lease - Zero Landlord Responsibilities - Portfolio Average Lease Term Remaining is in Excess of 10 Years ■ All Leases have Corporate Guarantee of Knowledge Universe Education, LLC- Largest For-Profit Provider of Early Childhood Education Serving 198 Thousand Children per Year - $1.5 Billion in Annual Revenue from Operations from Renowned Brands Including KinderCare, Knowledge Beginnings, CCLC and Champions ■ Well-Positioned Portfolio - Three of the Six Properties are Located in the Top 50 MSAs and Five of the Six are Located in the Top 100 MSAs « show less
The lease terms are very favorable to the landlord with zero landlord responsibilities and CPI rent bumps every five years, not to exceed seven... show more »
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