KinderCare NNN Property For Sale — Renton, WA
1225 Anacortes Ave NE, Renton, WA 98059
We are pleased to present an exceptional investment opportunity: a 7,314 square foot KinderCare facility located in Renton, WA, situated on over an acre of land. This property is fully leased to KinderCare, a leader in the childcare industry, under an Absolute Triple Net (NNN) lease, ensuring zero landlord responsibilities. The lease boasts over five years of remaining term, complemented by four additional five-year options. Investors will benefit from CPI rental increases and a corporate guarantee, providing a secure and long-term income stream. An 8% rental increase in May 2025 is projected to boost the cap rate to 6.49%. KinderCare Learning Companies, Inc. is America's largest provider of early education and childcare, with over 2,500 centers nationwide serving over 200,000 children. T…
- Address: 1225 Anacortes Ave NE, Renton, WA 98059
- Asking price $2.89M
- 6.00% cap rate
- NOI $173,602
- 2.6 years remaining
- NNN lease
- Year built: 1987
- Building size: 7,314 SF
- Lot size: 1.01 acres
- Lease expiration: May 1, 2029
- Rent increases: CPI rental increases; 8% rental increase boosting to a 6.49% CAP in May 2025
- Guarantor: Corporate
Location
This KinderCare property is at 1225 Anacortes Ave NE in Renton, Washington.
Asset type: Retail, Special Purpose