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KinderCare
2177 Upton Drive, Virginia Beach, VA 23454, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,747 SF KinderCare NNN Asset Located at 2177 Upton Drive in Virginia Beach, VA. This Deal Includes a Long-Term 15-Year Triple Net (NNN) Lease With Limited Landlord Responsibilities, Providing For a Secured Investment.
- KinderCare is the Largest Provider of Early Education and Child Care, Operating More Than 2,300 Centers Nationwide
- Virginia Beach is the Most Populous City in Virginia and a 40-Minute Drive From Norfolk International Airport (ORF)
- Long-Term 15-Year Triple Net (NNN) Lease With Limited Landlord Responsibilities
- Average Household Income of $128,430 and a Population of 91,314 Residents Within a 5-Mile Radius
- 10 Elementary Feeder Schools Within a 5-Mile Radius
- Virginia Beach is Experiencing Robust Economic Development, Including a $350M Atlantic Park Surf Complex and Major Expansions By Firms Like STIHL, DroneUp, and ViDARR—Fueling Job Creation and Bringing New Families to the Area
- Ongoing Residential Development is Bringing in Young Families, Supporting Sustained Demand For Quality Childcare in the Area
- Diverse Mix of Major Private Employers, Including Sentara Healthcare, GEICO, Gold Key/PHR Hotels & Resorts, STIHL Incorporated
- Robust Military Presence Employing Tens of Thousands of Military Personnel, Civilians, and Contractors
In Cooperation With Sands Investment Group, Inc – Lic. ##0226037527 BoR: Tom Gorman – Lic. VA #0225269275
KinderCare
2177 Upton Drive, Virginia Beach, VA 23454, 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 backup care for last-minute childcare, and In local schools, with Champions® before and after-school programs. Headquartered in Portland, Oregon, KinderCare operates more than 2,500 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. KinderCare Learning Companies (NYSE: KLC) reported $2.66 billion in gross revenue for 2024.
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Cadence Academy – Sicklerville, NJ
Winslow Township, New Jersey
Cap Rate: 6.75%
$2,669,629
Available
Price
$8,701,481
Cap Rate
6.75%
PREMISES
11,747 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
06/30/2040
Lease Type
NNN
RENTAL INCREASES
2% Annually
BROKERS
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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.
By filling in your information and submitting this form, you are accepting the terms of this agreement.