KinderCare 4900 Getwell Rd

Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant childcare and early childhood education property located at 4900 Getwell Road in Southaven, Mississippi (the “Property”). The Property is fully leased to KinderCare Education LLC and offers a corporate guaranty from KUEHG Corp., KinderCare’s parent company. KinderCare is the largest childcare provider in the United States with 200,000+ children in more than 2,100 facilities across the country, generating annual revenue of over $1.8 billion.
Built in 2019, the Property is operating under a fifteen-year NNN lease (10 years remaining) running through March 2034, to be followed by two, five-year option periods. The lease features virtually no Landlord responsibility and 2.00% annual rental increases offer attractive cash flow growth.
The Property is located in Southaven, MS, part of a rapidly growing region 15 miles south of Downtown Memphis, TN. Southaven boasts a population of nearly 55,000, making it the 3rd largest city in Mississippi and the 2nd largest suburb of Memphis, TN. Southaven has experienced incredible growth in recent decades, with a 90% city-wide population increase since 2000, and 1.6% average annual growth from 2010 – 2023. Population continues to increase at a rate of over 1% annually, projected to continue at that rate through at least 2028. Many Southaven residents work in and around Memphis, and live south of the Tennessee border considering the tax benefits and quality schools that Southaven offers compared to Tennessee. Rapid growth has encouraged tremendous levels of new development, most notably the Silo Square mixed-use project, a $200+ million 308-acre development that is underway just North of the Subject Property. Both Silo Square and the Subject Property are positioned on Getwell Road, the premier retail corridor of Southaven and the heart of new class A development locally including Chick-fil-A, Whataburger, Starbucks, McDonalds, Getwell Urgent Care, Zaxby’s, Slim Chickens, and many more.