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2630 Pitcairn Rd
Monroeville, PA 15146
KinderCare · Retail Property For Sale
Investment Highlights
- Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country
- 22-Year Operating History at this Location
- KinderCare Completed IPO in October 2024
- Pittsburgh MSA - Second Largest Metropolitan Area in the State of Pennsylvania
Executive Summary
Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country
- KinderCare is the largest private provider of high-quality early childhood education in the US by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
- KinderCare currently operates in over 40 states across the United States.
- #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.
KinderCare Completed IPO in October 2024
- KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
- FY 2024 revenues of $2.66B, a 5.9% increase over the previous year.
22-Year Operating History at this Location
- KinderCare signed an original 15-year lease, after owning/occupying the property for many years and they have signed multiple lease renewals.
- The lease is absolute net and has zero landlord responsibilities.
- The lease also features multiple options to extend with rental increases every 5 years.
- KinderCare is the largest private provider of high-quality early childhood education in the US by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
- KinderCare currently operates in over 40 states across the United States.
- #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.
KinderCare Completed IPO in October 2024
- KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
- FY 2024 revenues of $2.66B, a 5.9% increase over the previous year.
22-Year Operating History at this Location
- KinderCare signed an original 15-year lease, after owning/occupying the property for many years and they have signed multiple lease renewals.
- The lease is absolute net and has zero landlord responsibilities.
- The lease also features multiple options to extend with rental increases every 5 years.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1973/2004
Price
$3,614,702 CAD
Price Per SF
$376.53 CAD
Cap Rate
7.50%
NOI
$271,103 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.31 AC
Zoning
S & R-2
Frontage
388’ on Pitcairn Rd
Property Taxes
| Parcel Number | 0857-B-00203-0000-00 | Improvements Assessment | $2,145,187 CAD |
| Land Assessment | $496,326 CAD | Total Assessment | $2,641,513 CAD |
Property Taxes
Parcel Number
0857-B-00203-0000-00
Land Assessment
$496,326 CAD
Improvements Assessment
$2,145,187 CAD
Total Assessment
$2,641,513 CAD
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