KinderCare – Washington

NNN Lease – 15 Years

Current Yield – 5.75%

Intitial Term Average Yield – 6.35%

Property Info

Tenant: KinderCare
Address: 17419 Canyon Parkway E, Frederickson, WA
Year Build: 2018
Total Sq Ft.: 13,500
Property Type: Single Tenant, Freestanding
Ownership Type: TIC
Minimum Investment: $200,000
Non-Accredited Investors: Yes

Call an Advisor: (801) 812-1031

Washington TIC Investment

This TIC investment is a newly construction located in Washington’s beautiful Puget Sound area.This property has a long-term net lease that provides exchangors with  headache-free monthly cashflow.  KinderCare is the the nation’s largest for-profit early education provider, which operates in excess of 1,300 locations. Through it’s “Champions Division”, it also offers before- and after-school care at more than 470 elementary schools. Additionally, KinderCare operates a program called KinderCare Education at Work, which manages on-site or adjacent child care centers for more than 400 corporations, universities, and other entities. KinderCare is owned by investment firm Partners Group.  Browse TIC Properties >>>

Tenant Info

Tenant: KinderCare
Revenues (est.): $1.36 billion
No. of Locations: 1,700+
Website: kindercare.com

Lease Info

Type: Absolute NNN
Corp. Guaranteed Lease: Yes
Term: 15 Years
Rent Commencement: June 2018
Lease Expiration: June 2033
Owner Responsibility: None
Tenant Responsibility: Taxes, Insurance, Utilities, Maintenance
Annual Rent: $450,000
Rent Escalations: 10% every five years
Renewal Options: (3) 5-year renewal options

Demographics

Location: Puyallup, WA
Population: 41,001
Households w/ Children: 32.8%

Puyallup is located 10 miles east of Tacoma at the base of Mount Rainier in the gorgeous Puget Sound region. It is part of the Seattle-Tacoma Metropolitan Area with roughly 4 million residents occupying the area, which claims one of the nation’s strongest economies. The economy is driven by factors like the ratio of high-tech jobs, strong gross domestic product growth, exports per capita. Many Fortune 500 companies are headquartered here – including major corporations such as Amazon, Costco, Microsoft, Nordstrom and Starbucks. Forbes named the area as one of the fastest growing cities, best places to start a business, and top place for business and careers in general.

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