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Premier Tenant
KinderCare Education is America’s largest private provider of early childhood and school-age education and child care. KinderCare supports hardworking families in 40 states and the District of Columbia. Headquartered in Portland, Oregon, KinderCare serves over 197,000 students throughout 1,500 early childhood education centers. In 2021, KinderCare earned its fifth Gallup Exceptional Workplace Award—one of only four companies worldwide to win this award for five consecutive years (Source: KinderCare Learning Companies, Inc.). During 2021, the company generated $1.8 billion in annual revenues and $320 million in adjusted EBITDA. In March 2022, Kindercare filed a prospectus for an initial public offering  and plans to trade on the New York Stock Exchange under the ticker KLC. Majority of the proceeds from the IPO are intended to pay down debt.
    
Long-Term Corporately-Guaranteed NNN Lease
Commenced in 2019, KinderCare’s corporately-guaranteed NNN lease features ±12.8 years of term remaining with 3% annual rent increases throughout the initial term and in each of the three 5-year renewal options.
   
Strategic Location
Retailers within the immediate vicinity include Whole Foods Market, Safeway, Trader Joe’s, CVS, Ace Hardware, Einstein Bros. Bagels and Chipotle. KinderCare is also proximate to MedStar Georgetown University Hospital (1 mile south), Stoddert Elementary School (0.3 miles west), Hardy Middle School (0.5 miles south), British International School of Washington (0.5 miles south), Washington International School (0.8 miles south), Hyde-Addison Elementary School (1 mile south), Georgetown University (2 miles south), and George Washington University (<3 miles southeast).
   
Affluent Uptown Suburb
Within a 1-mile radius of the site, the property is surrounded by a population of 35,459, average household income of $193,739, and 16,453 households. KinderCare benefits from the affluence of the immediate area combined with the large presence of educational uses, speaking to the strength of the location. 
   
Washington, D.C. Advantage
Washington D.C. is one of the five most coveted MSA’s in the U.S. for commercial real estate investment.  Washington, D.C. and its close-in Virginia and Maryland submarkets constitute an urban environment of unique, vibrant neighborhoods connected by a comprehensive and multimodal mass transit system. As a direct result of the strong infrastructure and major employment generators, Washington is experiencing extensive growth in the residential, commercial, and entertainment sectors. Washington D.C.’s economy is insulated by its government-anchored workforce and is known as “recession-proof”. This results in safer real estate values throughout the cycle due to consistent employment.
  
   
Investment Contacts
   
Will Pike
Vice Chairman
+1 404 923 1381

will.pike@cbre.com
   Thomas Carr
Associate Vice President
+1 404 812 5101

thomas.carr4@cbre.com
   Chris Bosworth
Vice Chairman
+1 404 923 1486

chris.bosworth@cbre.com
      
Brian Pfohl
Executive  Vice President
+1 404 504 7893

brian.pfohl@cbre.com
Ryan Sciullo
Senior Vice President
+1 202 585 5738

ryan.sciullo@cbre.com
Jordan Espy
Analyst
+1 404 812 5026

jordan.espy@cbre.com
   

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