ERG Announces Availability of Seven-Property Triple-Net Package in Indianapolis, IN
New York, NY, March 10, 2012 --(PR.com)-- ERG Property Advisors is pleased to announce the availability of the KinderCare Package, a seven-property collective sale in Indianapolis, Indiana.
The asking price for the package is $5,200,000. The seven properties are absolute triple‐net (NNN) corporate leases with Knowledge Learning Corporation DBA KinderCare. The total package lot size is approximately 8,290 acres, with an approximate 152,532 buildable square feet. The cap rate is 10%. There are three years remaining on each lease and one five-year renewal option.
KinderCare is a brand owned and operated by Portland, Oregon‐based Knowledge Learning Corporation, the nation’s leading private provider of early childhood education and care. KinderCare Learning Centers comprise approximately 1,900 community-based centers in 38 states and the District of Columbia serving more than 300,000 children and employing approximately 41,000 people. KinderCare provides more staff development opportunities than any other childcare company in the country.
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, retail leasing, and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of Triple Net properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to financing and financial market information, residential rental and sales brokerage services, and property management services.
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The asking price for the package is $5,200,000. The seven properties are absolute triple‐net (NNN) corporate leases with Knowledge Learning Corporation DBA KinderCare. The total package lot size is approximately 8,290 acres, with an approximate 152,532 buildable square feet. The cap rate is 10%. There are three years remaining on each lease and one five-year renewal option.
KinderCare is a brand owned and operated by Portland, Oregon‐based Knowledge Learning Corporation, the nation’s leading private provider of early childhood education and care. KinderCare Learning Centers comprise approximately 1,900 community-based centers in 38 states and the District of Columbia serving more than 300,000 children and employing approximately 41,000 people. KinderCare provides more staff development opportunities than any other childcare company in the country.
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, retail leasing, and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of Triple Net properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to financing and financial market information, residential rental and sales brokerage services, and property management services.
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Contact
ERG Property Advisors
Michelle Babinsky
212 807 6640
http://www.ergpa.com
Michelle Babinsky
212 807 6640
http://www.ergpa.com
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