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Launch Pad Learning Center | Absolute NNN 216 N Main St 11,693 SF 100% Leased Retail Building Goddard, KS 67052 $984,000 ($84.15/SF) 7.50% Cap Rate



Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities - 13.5 Years of Firm Term Remaining Through December 31, 2039
- 2.5% Annual Rent Increases - Contractual Escalations Through Both Primary Term & 5-Year Renewal Option
- Goddard, KS - Fastest-Growing Wichita MSA Suburb - Sustained Residential Expansion Along the US-400 Corridor
- Exceptionally Low Rent - $6.31 PSF - Significantly Below Prevailing Retail Rents Along the US-400 Corridor
- Large-Format Childcare Facility - 11,693 SF - Substantial Licensed Enrollment Capacity Across Multiple Age Groups
- Supply-Constrained Suburban Childcare Market - New Licensed Childcare Capacity Failing to Keep Pace with Residential Growth
Executive Summary
We are pleased to present the opportunity to acquire a single-tenant, absolute NNN childcare investment in Goddard, Kansas – the fastest-growing western suburb of the Wichita MSA – 100% leased to Launch Pad Learning Center, Inc.? with 13.5 years of firm term remaining and zero landlord responsibilities.? At $6.31 PSF, the in-place rent is exceptionally low relative to any comparable commercial use, providing the landlord with a highly defensible income stream and substantial rental upside upon any future lease event.? The lease carries 2.5% annual increases through both the primary term and the 5-year renewal option, and is secured by a personal guaranty of the principal operator.?
At 11,693 SF, the subject property is a large-format childcare facility providing substantial licensed enrollment capacity across multiple age groups.? The property is situated along US Highway 400, the primary east-west arterial connecting Goddard to the Wichita employment core, with 17,898 VPD.? Goddard Unified School District (USD 265) consistently ranks among the most sought-after public school systems in the Wichita MSA, drawing family households that represent the core demand base for licensed early childhood education.? New licensed childcare supply in Goddard has failed to keep pace with the submarket's sustained residential growth, reinforcing the operating position of established operators with long-term leases.?
This offering represents a bite-size, passive NNN acquisition with contractual rent growth, personal credit support, and in-place rent structured to provide strong landlord protection under any lease continuity scenario.?
Exclusively Listed in association with Brian Brockman | License No.? 239819
At 11,693 SF, the subject property is a large-format childcare facility providing substantial licensed enrollment capacity across multiple age groups.? The property is situated along US Highway 400, the primary east-west arterial connecting Goddard to the Wichita employment core, with 17,898 VPD.? Goddard Unified School District (USD 265) consistently ranks among the most sought-after public school systems in the Wichita MSA, drawing family households that represent the core demand base for licensed early childhood education.? New licensed childcare supply in Goddard has failed to keep pace with the submarket's sustained residential growth, reinforcing the operating position of established operators with long-term leases.?
This offering represents a bite-size, passive NNN acquisition with contractual rent growth, personal credit support, and in-place rent structured to provide strong landlord protection under any lease continuity scenario.?
Exclusively Listed in association with Brian Brockman | License No.? 239819
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
11,693 SF
Year Built
1982
Price
$984,000
Price Per SF
$84.15
Cap Rate
7.50%
NOI
$73,800
Percent Leased
100%
Building Height
1 Story
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Launch Pad Learning Center
- Educational Services
- 11,693 SF
- $6.31
- Triple Net
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Launch Pad Learning Center | Educational Services | 11,693 SF | $6.31 | Triple Net | Dec 2039 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 7
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Launch Pad Learning Center | Absolute NNN | 216 N Main St
