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1 Corporate Dr
Swansea, IL 62226
KinderCare · Retail Property For Sale
Investment Highlights
- New 15-year net lease to KinderCare, a best-in-class private provider of early childhood and schoolage education and care (NYSE: “KLC”).
- KinderCare operates more than 2,700 early learning centers and sites, more than any other provider.
- A KinderCare in a high-income area such as Swansea, maintaining a 1.5+ Debt Coverage Ratio, remains a highly attractive asset.
- 12% rent increases every five (5) years deliver steady growth through the initial term and two (2) five-year options.
- Given the debt sensitivity of this asset, we engaged several mortgage brokers to establish potential loan terms and cash-on-cash returns.
- New $2.5M complete renovation in 2025, including a new roof (20-year roof warranty) and HVAC.
Executive Summary
This prime KinderCare location offers strong visibility and convenient access along State Route 159, a primary corridor connecting Belleville to the south and Collinsville to the north, with approximately 30,497 vehicles per day passing directly in front of the site. The property also benefits from close proximity to Interstate 64, which carries more than 57,000 vehicles daily, enhancing commuter exposure and regional accessibility.
KinderCare operates more than 2,700 early learning centers nationwide, making it the largest provider in the sector and supporting stable tenancy. The site is situated within the St. Louis MSA, a major metropolitan area with at least five large-scale development projects exceeding $1 billion currently under construction or in planning, reinforcing long-term economic momentum.
The location is further strengthened by its position within a dense residential base, with more than 15 elementary schools located within a five-mile radius, creating a natural feeder network. Projected income growth across the 1-, 3-, and 5-mile radii over the next five years supports sustained demographic expansion, positioning this Swansea asset for steady, concurrent growth.
KinderCare operates more than 2,700 early learning centers nationwide, making it the largest provider in the sector and supporting stable tenancy. The site is situated within the St. Louis MSA, a major metropolitan area with at least five large-scale development projects exceeding $1 billion currently under construction or in planning, reinforcing long-term economic momentum.
The location is further strengthened by its position within a dense residential base, with more than 15 elementary schools located within a five-mile radius, creating a natural feeder network. Projected income growth across the 1-, 3-, and 5-mile radii over the next five years supports sustained demographic expansion, positioning this Swansea asset for steady, concurrent growth.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built/Renovated
1994/2025
Price
$8,959,023 CAD
Price Per SF
$995.45 CAD
Cap Rate
7.36%
NOI
$659,058 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.13 AC
Zoning
C - Zone Planned Business by Village of Swansea.
Parking
56 Spaces (6.22 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 08-04.0-210-044 | Improvements Assessment | $290,410 CAD |
| Land Assessment | $113,483 CAD | Total Assessment | $403,894 CAD |
Property Taxes
Parcel Number
08-04.0-210-044
Land Assessment
$113,483 CAD
Improvements Assessment
$290,410 CAD
Total Assessment
$403,894 CAD
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