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KinderCare 646 Lovers Ln 12,000 SF Retail Building Bowling Green, KY 42103 $3,060,000 ($255/SF) 6.50% Cap Rate
Investment Highlights
- Lease guaranteed by KinderCare, operating over 2,700 early learning centers nationwide.
- 2% annual rent escalations providing steady income growth and inflation protection.
- Easy access to key commuter routes and surrounding residential communities.
- KinderCare publicly traded on NYSE (Ticker: KLC) since 2024 for increased financial transparency.
- ±9 years of remaining lease term with Two, 5-year renewal options to follow.
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
221925, 239410 (KY)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
221925, 239410 (KY)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,000 SF
Building Class
C
Year Built
2022
Price
$3,060,000
Price Per SF
$255
Cap Rate
6.50%
NOI
$198,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.00 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
KinderCare Learning Companies began in 1969 with the opening of its first center in Montgomery, Alabama. The company provides early childhood education and care through KinderCare Learning Centers, Champions, and The Crème School, serving children from infancy through school age. The company operates community-based centers, before- and after-school programs, and employer-sponsored child care benefits for organizations. KinderCare also provides backup care and other flexible family-care solutions that support working families across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Smokey Bones
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,790,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,790,000
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KinderCare | 646 Lovers Ln
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