408 S 47th Ave - Day Care Center FOR SALE


Ridgefield, WA 98642
$8,844,000 USD
415-604-4288
408 S 47th Ave, Ridgefield, WA for Sale
$8,844,000 USD
Day Care Center - FOR SALE
1/8
null | 7.25% Cap Rate

408 S 47th Ave
Ridgefield, WA 98642


HIGHLIGHTS

  • New 15-year absolute NNN lease to KinderCare, best-in-class private provider of early childhood and school-age education and care (NYSE: “KLC”).
  • 10% rental increases every five (5) years in initial term and three (3) option periods of five years each deliver steady growth
  • KinderCare operates more than 2,700 early learning centers and sites, more than any other provider.
  • Revenue reached approximately $2.73 billion in 2025, up from roughly $2.66 billion in 2024, reflecting continued top-line expansion.
  • Additional expansion included 26 acquisitions and 20 new center openings company-wide, reflecting strong organic growth.

OVERVIEW

This KinderCare property is strategically positioned near the intersection of South 45th Avenue and Pioneer Street, offering outstanding visibility and accessibility. The location experiences a combined traffic count of more than 17,000 vehicles daily, while its proximity to Interstate 5 — with an impressive 106,000+ AADT — further amplifies exposure to commuter traffic and regional connectivity. KinderCare provides exceptional reliability as a tenant, operating over 2,700 early learning centers nationwide—more than any other provider. This strong national presence underscores the brand’s stability and commitment to quality education, making this site a dependable investment opportunity in a growing market. The surrounding area benefits from dynamic demographics and robust economic drivers. More than 32,000 residents live within five miles of the property, a population that has surged by 84% since 2010, with household incomes projected to rise to $185,600 by 2030. The site is nestled among leading retailers such as Costco, In-N-Out Burger, and Tractor Supply, while more than a dozen schools within 10 miles support sustained enrollment. Ridgefield’s growth trajectory combined with rising income levels positions this KinderCare for enduring success.

FOR SALE DETAILS

PRICE

$8,844,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New KinderCare (NYSE:"KLC")

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

CCB

APN/PARCEL ID

986052-545

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.