Highlights
• 30-year historical occupancy with a recent 10-year lease extension. • 3,500 new multi-family units planned in Wayne, NJ, including 473 units adjacent to the property (AvalonBay Communities). • 15+ early education centers supporting the local market within a 5-mile radius. • Corporate absolute NNN lease, backed by affluent households averaging $158K+ within 3 miles. • Tenant: KinderCare (NYSE: KLC), the largest early childhood education provider in the U.S..
Description
Pegasus Investments Real Estate Advisory and ParaSell, Inc., as exclusive representatives for the seller, are pleased to present a rare investment opportunity: the fee simple interest in a long-term, corporate absolute triple net leased facility occupied by KinderCare Learning Co. (NYSE: KLC), the largest private provider of early childhood education in the U.S., located in Wayne, New Jersey, within the New York City metro area. The 9,390-square-foot property sits on a 5.42-acre parcel and is leased to KinderCare through August 2035, featuring fixed rent escalations and four 5-year CPI-based renewal options capped at 7.5%, providing predictable income growth and inflation protection. KinderCare has been a tenant for nearly 30 years, and a recent 10-year lease extension highlights the location’s strategic importance. Owned by the same group for over two decades, the property represents a generational investment opportunity in a highly sought-after suburban market. The Wayne area demonstrates strong fundamentals, with approximately 3,500 new multifamily units across eight major projects, including AvalonBay’s 473-unit development adjacent to the property, ensuring an influx of families that will reinforce demand for early childhood education. Demographically, Wayne boasts a five-mile population of nearly 300,000, with household incomes ranging from $110,000 to $160,000, high educational attainment, and a strong preference for quality childcare—perfectly aligning with KinderCare’s mission. The oversized parcel and supply-constrained location further enhance long-term value. KinderCare operates more than 2,600 centers nationwide, generating $2.5 billion in revenue in 2023, with continued growth through its 2024 IPO and strong 2025 results, making it a highly creditworthy and stable tenant. The early childhood education sector is projected to exceed $310 billion by 2025, driven by workforce participation, parental awareness, and government support, creating recession-resistant demand for long-term, NNN-leased assets. This property combines reliable income, tenant credit, and long-term appreciation potential in a strategic NYC metro suburb, offering investors a rare opportunity to acquire a high-quality, growth-oriented, essential-service asset with minimal management requirements.
Listing Details
- Cap Rate
6.25%
- Tenancy
Single
- Space Type
retail
- Sub Category
child-care-day-care
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Net Operating Income
$227,313
- Ground Lease
No
- Parking Info
41 Spaces (4.37 Spaces per 1,000 SF Leased)
- Building FAR
0.04
Property Specifics
- Property Name
Corporate NNN KinderCare - NYC Metro | 23 Barbour Pond Dr
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
1998
- Building Size
9,390 SF
- Lot Size
5.42 AC
- APN
14 03103-0000-00018
- Zoning
OR - Office Research
- Occupancy
100%