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KinderCare 6631 S University Blvd 12,081 SF Retail Building Centennial, CO 80121 $6,161,000 ($509.97/SF) 6.50% Cap Rate
Investment Highlights
- Brand-new 15-year absolute net corporate net lease
- Replaceable $33/ft. rent – education users pay $40-50/ft.+ in rent for most new leases
- Lease is guaranteed by KinderCare Learning Companies, Inc. (S&P: KLC), a publicly traded corporate school operator with significant financial backing
- 2% annual rental increases throughout the base term and options
- 20-year roof warranty in place (15+ years remaining)
- KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result (per Moody’s)
Executive Summary
A brand-new 15-year absolute net KinderCare lease featuring 2% annual rental increases throughout the base term and options. The subject property is located in Centennial – an affluent Denver suburb boasting average household incomes of $170,000 within a 3-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,081 SF
Building Class
B
Year Built/Renovated
1975/2025
Price
$6,161,000
Price Per SF
$509.97
Cap Rate
6.50%
NOI
$400,486
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.86 AC
Frontage
96’ on S University Blvd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2077-24-3-17-004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,010,340 |
Property Taxes
Parcel Number
2077-24-3-17-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,010,340
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KinderCare | 6631 S University Blvd
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