Cadence Academy – Sicklerville, NJ
Winslow Township, New Jersey
Cap Rate: 6.75%
$2,669,629
Available
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Get In TouchKinderCare – Chicago, IL
KinderCare
10126 South Western Avenue, Chicago, IL 60643, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,985 SF KinderCare Absolute NNN Asset Located at 10126 South Western Avenue in Chicago, IL. This Deal Includes a Asset is 100% Leased to KinderCare on a Triple Net (NNN) Lease With Zero Landlord Responsibilities Featuring Attractive Annual Rental Escalations, Providing For a Secured Investment.
- This Asset is 100% Leased to KinderCare on a Triple Net (NNN) Lease With Zero Landlord Responsibilities Featuring 1.5% Annual Rental Escalations With 11.9 Years of Term Remaining
- KinderCare is the Largest For-Profit Childcare Company in North America and a Leader in Early Education With a Network of Over 2,300 Locations Across the Country, Serving More Than 165,000 Children and Employing Over 38,000 Teachers and Staff
- 10+ Feeder Elementary Schools Within a 5-Mile Radius: Sutherland Elementary School, Finkl Academy 3760, Arthur Dixon Elementary School, Morgan Park Academy, Gresham Elementary School, Washington Heights Elementary, Beverly Hills School, St. Cajetan School, St. Barnabas School, and St. Christina School
- Total Consumer Spending on Education and Daycare Exceeds $266 Million Annually Within a 5-Mile Radius of This Location, and Average Household Income Exceeds $146,507 Within a 1-Mile Radius of This Location
- Ideally Located Just Off S Western Avenue, Which Sees Over 28,974 VPD
- The Childcare and Early Education Industry is Projected to Grow at an Annual Rate of 5.0% Over the Next Five Years Due to the Rising Population of Young Children as Well as the Societal Shift That Has Sent More Parents Into the Workforce
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429
KinderCare
10126 South Western Avenue, Chicago, IL 60643, USA
KINDERCARE
KinderCare Learning Companies is one of America’s largest providers of early childhood and school-age education and childcare. KinderCare supports hardworking families with differentiated flexible childcare solutions to meet today’s dynamic work environment in 40 states and the District of Columbia: In neighborhoods, with KinderCare Learning Centers that offer early childhood education and childcare for children six weeks to 12 years old; At work, through KinderCare Education at Work, providing customized family benefits for employers across the country, including on-site and near-site early learning centers and back up care for last-minute childcare, and In local schools, with Champions® before and after-school programs. Headquartered in Portland, Oregon, KinderCare operates more than 2,300 early learning centers and sites. In 2022, KinderCare earned its sixth Gallup Exceptional Workplace Award – one of only four companies worldwide to win this award for six consecutive years. They are also proud to include Cambridge Schools, Knowledge Beginnings, the Grove School, and Rainbow Child Care Center in our community of learning.
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The Learning Experience – South Windsor, CT
South Windsor, Connecticut
Cap Rate: 6.50%
$5,923,076
Available
Price
$2,300,490
Cap Rate
6.50%
PREMISES
8,985 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
04/30/2037
Lease Type
Absolute NNN
RENTAL INCREASES
1.5% Annually
BROKERS
Chris Sands
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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