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Kinder Care Learning Center 615 1st Ave SE 34,483 SF Retail Building Cedar Rapids, IA 52401 $4,714,677 CAD ($136.72 CAD/SF) 7% Cap Rate
Investment Highlights
- Double Net Lease Through October 2032
- Corporate Guarantee From KinderCare, the Largest Childcare Provider with Over 1,400 Locations
- 10% Rent Increase in 2027
- Corner Location in Downtown Cedar Rapids with Courtyard Playground
Executive Summary
Single tenant KinderCare in downtown Cedar Rapids, IA available for sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
34,483 SF
Building Class
B
Year Built
1970
Price
$4,714,677 CAD
Price Per SF
$136.72 CAD
Cap Rate
7%
NOI
$330,027 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.71 AC
Opportunity Zone
Yes
Parking
19 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
221’ on 1st Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KinderCare
- Services
- -
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KinderCare | Services | - | - | Double Net | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14214-51003-00000 | Improvements Assessment | $2,505,305 CAD |
| Land Assessment | $516,812 CAD | Total Assessment | $3,022,117 CAD |
Property Taxes
Parcel Number
14214-51003-00000
Land Assessment
$516,812 CAD
Improvements Assessment
$2,505,305 CAD
Total Assessment
$3,022,117 CAD
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Photos
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Kinder Care Learning Center | 615 1st Ave SE
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