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408 South 47th Avenue
Ridgefield, WA 98642
Asking Price
$8.82M
Cap Rate
7.25%
Asset Type
Day Care/Nursery Retail
Class
Class B
What's Special
15 Year Abs NNN Lease KinderCare (NYSE:"KLC") <p>» New 15-year absolute NNN lease to KinderCare, best-in-class private provider of early childhood and school-age education and care (NYSE: “KLC”).</p><p>» 10% rental increases every five (5) years in initial term and three (3) option periods of five years each deliver steady growth throughout the lifespan of the lease.</p><p>» KinderCare operates more than 2,700 early learning centers and sites, more than any other provider.</p><p>» Revenue reached approximately $2.73 billion in 2025, up from
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NOI
$80,000
Cap Rate
0.91%
DSCR
0.15
Underwater
Cash-on-Cash
-16.77%
Monthly Payment
$43,651.39
Annual Cash Flow
$-443,816.68