Retail

KinderCare

Sterling Heights, MI

Price: Cap Rate:
$3,657,000 6.88%

Avg. Cap Rate:
7.46%¹

¹Based on rent commencing 11/1/2024, Seller to provide rent credit should closing occur prior.

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KinderCare Corporate Guarantee

$1.8+ B Revenue

10 Year NNN Lease

2.00% Annual Increases

Consolidation Facility

Absorbed Nearby Troy, MI Location

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Premier Demographics

228k+ Pop (5-Mi) $154k+ AHHI (1-Mi)

INVESTMENT HIGHLIGHTS

Passive NNN Lease
Tenant Responsible for Roof
Landlord Responsible for Structure Only
10 Years Lease Term Remaining
Long-Term, Contractual Cash Flow
2.00% Annual Increases
Attractive Hedge Against Inflation
2018 Construction
Class A Brick Improvements
No Deferred Maintenance
Premier Demographics
228K+ Population (5-Mi)
$143K+ Avg HHI (1-Mi)

Large 1.39-Acre Parcel
High Residual Value
Consolidation Facility
Recently Absorbed All Children from Troy, MI Site
Bolsters Enrollment Numbers
Ideal Childcare Location
482k+ Daytime Employment (10-Mi)
$190M+ Spent on Childcare/Edu. Annually (5-Mi)
Highly Trafficked Corridor
Adjacent Major Signalized Intersection (41k+ VPD)
1 Mile from Hwy 59 Interchange (100k+ VPD)

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 +1 312.777.2446

In Association With
Melissa McKenzie

MI Lic #6502387293

Northmarq

303 E. Wacker Drive, Suite 1111
Chicago, IL 60601

northmarq.com