Leader in the childcare sector – childtime learning centers is one of 11 unique, individual brands under the learning care group incorporated, which is the second largest for-profit childcare operator in the country with 1,100+ locations nationwide.
Significant reinvestment into the property – the tenant is undertaking major renovations to the premises, deploying $485k in improvements to the school, consisting of new flooring and interior paint throughout, exterior signage, new millwork throughout, and overlays of the parking lot, concrete, and playground areas.
Early lease extension & extensive operating history – childtime learning centers has been operating at this location for 28 years and recently extended their lease for an additional 10-year term while increasing the base rent roughly $37,000. the continuous lease renewals highlight their long-term commitment to this individual location.
Exceptional early education demographics – the daycare benefits from the combination of the ultra-high-income community to its north and west, and to the south and east are densely populated and growing family-oriented neighborhoods which equate to a $199k+ average household income.
Large surrounding office corridor – the daycare’s surrounding corridor consists of 2,000,000+ square feet of medical and traditional office space along embassy parkway, providing for a strong pool of potential clientele for the school.
Projected early education industry growth – the us childcare market was valued as a $59.87 billion dollar industry in 2023 and is anticipated to reach a monster $73 billion dollar valuation by 2030 (per towards healthcare).