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Creme de la Creme (Kindercare) | Corp. 15 NNN 100 Rondo 16,340 SF Retail Building Irvine, CA 92618 $21,739,000 ($1,330.42/SF) 5.75% Cap Rate
Investment Highlights
- New 15-Year Lease | Corporate Guaranteed | 2025 Construction
- Great Park Master Planned Community/Development |Additional 10K Residential Units | 1,300+ Acres | 90K SF of Retail To Be Built
- Strong Demographics In 5-Mile Trade Area | Target Consumer Base High Income Orange County Location
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- I-5 Retail & Employment Corridor | Medical & Innovation Hub
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN, corporate guaranteed, new construction Crème de la Crème investment opportunity in Irvine, California (Orange County). The tenant, KinderCare Learning Centers, LLC, recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 12.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a strong hedge against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. KinderCare Learning Centers is the largest preschool operator in the United States with over 2,300 locations nationwide. Located within the Great Park community development, the asset is the only preschool-entitled parcel within the entire Great Park master-planned community, making it a required component of the master developer’s entitlement program and a critical amenity supporting the continued sale of residential lots. The property also features on-site EV charging stations and rooftop solar panels, consistent with the high-quality standards associated with Crème de la Crème schools. The site is anticipated to open in Summer 2026.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,340 SF
Building Class
C
Year Built
2025
Price
$21,739,000
Price Per SF
$1,330.42
Cap Rate
5.75%
NOI
$1,250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.67 AC
Zoning
CUP - Planned Development - Great Park
Parking
69 Spaces (4.22 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Creme de la Creme
- Educational Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Creme de la Creme | Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
5,215
113,458
332,198
2030 Population
5,760
114,554
332,803
2025-2030 Projected Population Growth
10.5%
1.0%
0.2%
Median Age
35.7
38.4
42.0
College Degree + Higher
73%
62%
57%
Daytime Employees
2,153
107,783
184,554
Total Businesses
296
10,538
22,093
Average Household Income
$200,055
$159,346
$152,507
Median Household Income
$199,885
$133,019
$122,653
Total Consumer Spending
$81.6M
$1.7B
$5B
2025 Households
1,697
42,042
123,395
Average Home Value
$1,064,357
$966,543
$876,235
Property Taxes
| Parcel Number | 591-541-01 | Improvements Assessment | $3,750,000 |
| Land Assessment | $4,531,982 | Total Assessment | $8,281,982 |
Property Taxes
Parcel Number
591-541-01
Land Assessment
$4,531,982
Improvements Assessment
$3,750,000
Total Assessment
$8,281,982
Sale Advisors
Sale Advisors
Pat Kent, Senior Vice President, Principal
Pat Kent is Senior Vice President & Principal with the Capital Markets team and is a Retail Investment Property Advisor. He advises clients in the acquisition and disposition of retail investment properties nationwide and is especially adept at aggressively and diligently marketing properties in order to meet the owner’s objectives of pricing and timing. Pat is one of the industry’s most active and reputable investment advisors in the country, with a track record in excess of $2 billion in transaction volume.
Pat’s experience of over two decades includes single tenant transactions, multi-tenant centers, neighborhood, community and power centers, development pre-sales, and distressed asset sales throughout the U.S.
Pat’s experience of over two decades includes single tenant transactions, multi-tenant centers, neighborhood, community and power centers, development pre-sales, and distressed asset sales throughout the U.S.
Matthew Mousavi, Sr. Managing Principal, Co-Head of National Net
Matthew is the Senior Managing Principal & Co-Head of National Net Lease and West Investment Properties, part of SRS' Capital Markets. Our National Net Lease services are recognized as one of the top three net lease investment teams in the nation. SRS Real Estate Partners is the largest retail estate firm in North America exclusively dedicated to retail services. The firm has a track record spanning over 30 years with billions in transaction volume and represents over 400 retailers throughout the country. Matthew currently is a member of the Board of Directors for SRS Real Estate Partners.
Matthew is widely recognized as one of the most active and reputable investment brokers in the country, receiving numerous industry accolades with a track record in excess of $12 billion in transaction volume, including on behalf of the largest property owners domestically and abroad, comprised of both publicly traded entities and private investors. Matthew currently manages a team of over 75 professionals focusing exclusively on the sale of single-tenant and multi-tenant retail properties and manages the sale of more than $2 billion in available property in over 40 states.
He advises clients in the acquisition and disposition of retail investment properties nationwide and is especially adept at aggressively and diligently marketing properties in order to meet the owners’ objectives of price and timing. Matthew’s experience includes hundreds of single-tenant transactions, structured portfolio sales, multi-unit national sale-leaseback portfolio sales, stable core multi-tenant centers, neighborhood, community and power centers, developer sales and pre-sales, and distressed asset sales throughout the U.S.
Matthew is widely recognized as one of the most active and reputable investment brokers in the country, receiving numerous industry accolades with a track record in excess of $12 billion in transaction volume, including on behalf of the largest property owners domestically and abroad, comprised of both publicly traded entities and private investors. Matthew currently manages a team of over 75 professionals focusing exclusively on the sale of single-tenant and multi-tenant retail properties and manages the sale of more than $2 billion in available property in over 40 states.
He advises clients in the acquisition and disposition of retail investment properties nationwide and is especially adept at aggressively and diligently marketing properties in order to meet the owners’ objectives of price and timing. Matthew’s experience includes hundreds of single-tenant transactions, structured portfolio sales, multi-unit national sale-leaseback portfolio sales, stable core multi-tenant centers, neighborhood, community and power centers, developer sales and pre-sales, and distressed asset sales throughout the U.S.
Patrick Luther, Managing Principal and Co-Founder
Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $3 billion in closed transactions, representing over 2,000 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 50 professionals handling all net lease transactions for the firm nationally. He focuses on single-tenant, NNN-leased investments, including national portfolios, merchant developer representation, sale-leasebacks, lease restructuring, vacant and dark store redevelopment or liquidation, and zero cash flow transactions.
Patrick graduated from Arizona State University with a bachelor’s degree in finance. Patrick was recognized alongside business partner, Matthew Mousavi, in 2019 as a top three net lease team in the U.S. and the seventh-ranked team in the overall U.S. commercial real estate industry. He is an active member of the International Council of Shopping Centers (ICSC) and CCIM communities and can be found rock climbing or traveling internationally in his free time.
Patrick graduated from Arizona State University with a bachelor’s degree in finance. Patrick was recognized alongside business partner, Matthew Mousavi, in 2019 as a top three net lease team in the U.S. and the seventh-ranked team in the overall U.S. commercial real estate industry. He is an active member of the International Council of Shopping Centers (ICSC) and CCIM communities and can be found rock climbing or traveling internationally in his free time.
Dane Fernandez, Senior Analyst
Dane joined SRS in 2020 as an analyst in the Newport Beach office working with the National Net Lease Group. Dane specialized in single and multi-tenant net lease underwriting. He assists the team with project management, deadline, and underwriting oversight as well as transaction coordination. Additionally, he also assists with managing and training the analyst staff. Prior to SRS, Dane was a Project Coordinator for a Phoenix based commercial general contractor that specialized in concrete tilt-up industrial developments.
Dane graduated from W.P Carey School of Business at Arizona State University. In addition to earning a Bachelor of Science in Management and Business, Dane obtained a Certificate in Professional Sales.
Dane graduated from W.P Carey School of Business at Arizona State University. In addition to earning a Bachelor of Science in Management and Business, Dane obtained a Certificate in Professional Sales.
Contacts
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Pat Kent -
Matthew Mousavi -
Patrick Luther -
Dane Fernandez -
SRS National Net Lease Group
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