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New KinderCare (NYSE:"KLC") 408 S 47th Ave 12,000 SF Retail Building Ridgefield, WA 98642 $8,844,000 ($737/SF) 7.25% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease to KinderCare, best-in-class private provider of early childhood and school-age education and care (NYSE: “KLC”).
- KinderCare operates more than 2,700 early learning centers and sites, more than any other provider.
- Additional expansion included 26 acquisitions and 20 new center openings company-wide, reflecting strong organic growth.
- 10% rental increases every five (5) years in initial term and three (3) option periods of five years each deliver steady growth
- Revenue reached approximately $2.73 billion in 2025, up from roughly $2.66 billion in 2024, reflecting continued top-line expansion.
Executive Summary
This KinderCare property is strategically positioned near the intersection of South 45th Avenue and Pioneer Street, offering outstanding visibility and accessibility. The location experiences a combined traffic count of more than 17,000 vehicles daily, while its proximity to Interstate 5 — with an impressive 106,000+ AADT — further amplifies exposure to commuter traffic and regional connectivity.
KinderCare provides exceptional reliability as a tenant, operating over 2,700 early learning centers nationwide—more than any other provider. This strong national presence underscores the brand’s stability and commitment to quality education, making this site a dependable investment opportunity in a growing market.
The surrounding area benefits from dynamic demographics and robust economic drivers. More than 32,000 residents live within five miles of the property, a population that has surged by 84% since 2010, with household incomes projected to rise to $185,600 by 2030. The site is nestled among leading retailers such as Costco, In-N-Out Burger, and Tractor Supply, while more than a dozen schools within 10 miles support sustained enrollment. Ridgefield’s growth trajectory combined with rising income levels positions this KinderCare for enduring success.
KinderCare provides exceptional reliability as a tenant, operating over 2,700 early learning centers nationwide—more than any other provider. This strong national presence underscores the brand’s stability and commitment to quality education, making this site a dependable investment opportunity in a growing market.
The surrounding area benefits from dynamic demographics and robust economic drivers. More than 32,000 residents live within five miles of the property, a population that has surged by 84% since 2010, with household incomes projected to rise to $185,600 by 2030. The site is nestled among leading retailers such as Costco, In-N-Out Burger, and Tractor Supply, while more than a dozen schools within 10 miles support sustained enrollment. Ridgefield’s growth trajectory combined with rising income levels positions this KinderCare for enduring success.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
2026
Price
$8,844,000
Price Per SF
$737
Cap Rate
7.25%
NOI
$641,126
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.53 AC
Zoning
CCB
Frontage
267’ on South 47th Avenue
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 986052-545 | Improvements Assessment | $1,296,500 |
| Land Assessment | $960,050 | Total Assessment | $2,256,550 |
Property Taxes
Parcel Number
986052-545
Land Assessment
$960,050
Improvements Assessment
$1,296,500
Total Assessment
$2,256,550
Contacts
-
Scott Crowle -
Russell Train -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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New KinderCare (NYSE:"KLC") | 408 S 47th Ave
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