Retail

KinderCare

Southaven, Mississippi

Price: Cap Rate (Year 1):
$4,362,000 6.75%

Cap Rate (Avg)¹:
7.39%

¹Average Cap Rate based on average NOI over the remaining Base Lease Term.

Icon_guarantee_shield-1

Corporate

KinderCare Lease Guaranty

10-Year

NNN Lease

Annual Rent Increases

2.00%

Southaven, MS

Excellent Demos Rapid Growth

INVESTMENT HIGHLIGHTS

Passive NNN Lease
Tenant Responsible for Roof
Landlord Responsible for Structure Only
10 Years of Lease Term Remaining
Long-Term, Contractual Cash Flow
Incredible Southaven, MS Growth Metrics
90% Population Increase Since 2000
#2 Largest Memphis, TN Suburb
Positioned on Major Retail Corridor
Getwell Road & Church Road (Total 38,000+ VPD)
Heart of Class A Retail Development Locally

Strong Residual Value
2019 Class A Construction
Large 1.34-Acre Parcel
Nearby Silo Square Mixed Use Development
$200+ Million, 308-Acre Development Underway
±1 Mile from Subject Property
Growing Childcare Demand In Market
$41 Million of Childcare Spending in 5-Mi Radius
Increasing to $47 Million (15%) by 2028
Excellent Demographics
$122,000+ Avg. HH Income (1 Mi)
69,000+ Population (5 Mi)

Exclusively Listed By

Brandon Duff

Managing Director & Senior Vice President
bduff@northmarq.com +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
mwolfgram@northmarq.com +1 312.777.2454

Brandt Fuller

Senior Analyst
bfuller@northmarq.com

In Association With
Jason Long

MS Lic. #20952

Northmarq

303 E Wacker Dr, Suite 1111
Chicago, IL 60601

northmarq.com