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Denver, CO - KinderCare
18585 E. Smoky Hill Road | Aurora, CO 80015
$7,000,000
Price5.5%
Cap Rate$385,000
NOI9,258
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, KinderCare investment property located in Centennial, Colorado (Denver MSA). The tenant, KinderCare Education, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 12% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is NNN making it an ideal, management-free investment opportunity for a passive investor.
Location
KinderCare is located near the signalized, hard corner intersection of East Smoky Hill and South Tower Road, which carries over 51,000 vehicles per day. The asset is positioned between Rolling Hills Elementary (541 students), Trail West Elementary (455 students), Meadow West Elementary (436 students), and Peakview Elementary (539 students), providing parents with an easy one-stop drop-off location for all their children’s educational needs. Located in a dense retail corridor, KinderCare is within close proximity of multiple national/credit tenants including Target, Home Depot, Sprouts, Ross, Big Lots, Bed Bath & Beyond, Kohls, and more. Furthermore, the asset is ideally situated less than 3-miles east of Southlands, a 1,376,000 SF lifestyle center with notable tenants including Sam’s Club, Walmart Supercenter, TJ Maxx, Best Buy, Dicks Sporting Goods, and more. Moreover, the site benefits from nearby access to State Highway 83 (69,000 VPD), providing ease and convenience for commuting students. The 5-mile subject trade area is supported by more than 265,000 residents and 64,000 daytime employees. Residents within a 1-mile radius boast an extremely affluent average household income of over $162,000.
Documents & Links
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 Offering Memorandum |  |  |