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KinderCare Learning Center 515 West St 6,767 SF Retail Building Mansfield, MA 02048 $1,795,000 ($265.26/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

RECENT 10-YEAR LEASE EXTENSION
STRONG DAYTIME POPULATION DRIVING ENROLLMENT DEMAND
FRONTING WEST STREET, DIRECTLY OFF I-95 & I-495

ATTRACTIVE 3.25% ANNUAL RENT ESCALATIONS
35+ YEAR OPERATING HISTORY AT THE SITE
RECENT TENANT & LANDLORD REINVESTMENT

EXECUTIVE SUMMARY

Atlantic Capital Partners is pleased to present the opportunity to acquire a freestanding KinderCare Learning Center located at 515 West Street in Mansfield, Massachusetts. The property features a 6,767 SF building on 1.50 acres leased to KinderCare Learning Centers, Inc., one of the nation’s leading providers of early childhood education and childcare. KinderCare recently executed a 10-year lease extension through April 2036, demonstrating its long-term commitment to this high-performing location where it has successfully operated for more than 35 years. The lease includes 3.25% annual rent increases, providing investors with stable income and consistent growth.
Ideally positioned along West Street, directly off Interstate 95 and Interstate 495, the property benefits from exceptional visibility, strong accessibility, and
robust surrounding demographics. The area boasts an average household income exceeding $140,000 and a daytime population of over 41,000 within five miles,
driven by a strong mix of employers, retail destinations, and residential communities. These fundamentals make this KinderCare location a proven performer in one
of Southeastern Massachusetts’s most desirable and affluent suburban markets.

Mansfield MA - KinderCare OM - compressed

PROPERTY FACTS

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Day Care Center

Building Size

6,767 SF

Building Class

Year Built

1990

Price

$1,795,000

Price Per SF

$265.26

Cap Rate

6.15%

NOI

$110,393

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

1.50 AC

Zoning

PBD - Nursery School

Parking

34 Spaces (5.02 Spaces per 1,000 SF Leased)

Frontage

116’ on West St

MAJOR TENANTS

Health Care and Social Assistance
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KinderCare Learning Companies was founded in 1969 in Montgomery, Alabama by Perry Mendel. The company operates as a leading provider of early childhood education and care services in the United States, serving children from six weeks to 12 years old. Headquartered in Lake Oswego, Oregon, KinderCare offers programs through community-based centers, employer-sponsored facilities, and before- and after-school programs under its Champions brand. The organization also owns Crème de la Crème schools, acquired in 2022, to expand premium offerings. KinderCare Learning Companies became publicly traded in 2024 under the ticker symbol KLC and is majority-owned by Partners Group.