Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Children of America located in Olathe (Kansas City MSA), Johnson County, KS (the "Property"). Children of America (COA) is one of the nation's leading early childhood education providers, bringing high-quality childcare solutions to communities across the country. COA currently has over 60 locations across 15 states, with another 12 locations in development, increasing expansion across 19 states.
Children of America signed a fifteen (15) year NN lease plus two 5-year options. The lease features 2% annual increases beginning Year 6, 2.5% annual increases beginning Year 11 and then 3% annual increases during each option. The site features a 10,000 SF building plus a large outdoor play area and sits on 1.66 acres.
This will be the first of many Children of America locations in Kansas. COA chose this location due to the proximity of a large & affluent population base. Within a 5-Mile radius, there are more than 46,509 households with an average HH Income of $137,572 and a population exceeding 121,812 people. Additionally, the 1-mile average HH income is well over $183,000.