KinderCare

1610 N Highland Road, Mt Lebanon, PA 15228
Offering Memorandum

KinderCare – NN Lease

Free Standing Retail Building

Property Details

  • The property is located at 1610 N Highland Road, just off Rt 19 (Washington Rd) which is one of the main thoroughfares running right into Downtown Pittsburgh.
  • Corporate Guaranteed Lease
  • KinderCare has a strong commitment to the site; it has been in operation since 2008 with over 10 years remaining on the lease
  • Rent bumps every 5 years
  • Located in a growing suburb of Pittsburgh – Ideal location for young families that cater to tenant

Investment Highlights

  • Asking Price: $4,915,200
  • Cap Rate: 6.5%
  • NOI as of 1/1/19: $319,488
  • Term Remaining: 10 Years (as of 1/1/19)

Contact

Bart Delfiner

484.417.2217
bdelfiner@equityretailbrokers.com

Shane Dolan

484.482.2544
sdolan@equityretailbrokers.com

Property Location

KinderCare

1610 N Highland Rd
Mt Lebanon, PA 15228