The lease terms are very favorable to the landlord with zero landlord responsibilities and 10 percent annual increases every five years. There are currently 20 years remaining on the base term with two, five-year options. Sales Info: ■ Cap rate: 5.5% ■ NOI: $248,500 Location Description: The subject property is 13,572 square feet, was built in 1975, and is located less than a mile north of Northgate Mall and only 0.3 miles east of Interstate 5. 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, Best Buy, Sports Authority, Ross, and several prominent QSR brands. 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 10 percent annual increases every five years. There... show more »
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