The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed KinderCare property

1. KINDERCARE
1553 Arcadian Lane, De Pere, WI 54115 (Green Bay MSA)

2. TABLE OF CONTENTS
TABLE NET LEASE INVESTMENT OFFERING
TABLE OF CONTENTS
I. Executive Summary
Executive Summary
Investment Highlights
Property Overview
II. Location Overview
Photographs
Site Plan
Aerial
Map
III. Market & Tenant Overview
Demographics
Location Overview
Tenant Profile

3. DISCLAIMER
STATEMENT:
DISCTALABILMEE ORF S CTOATNETMENENTST
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended
to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other
person or entity without the written consent of The Boulder Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers,
and to establish only a preliminary level of interest in the subject property. The information contained herein is not a
substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes
no warranty or representation.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable;
however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has
The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take
appropriate measures to verify all of the information set forth herein.
NET LEASE INVESTMENT OFFERING

4. NET LEASE INVESTMENT OFFERING
The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed
KinderCare property located within the Green Bay MSA. This is a proven KinderCare location as evidenced by their
long and successful operating history and their recent lease extension. In July 2014, KinderCare executed a new
ten year lease. The ten year lease expires July 31, 2024 and features a 5% rental escalation in the primary term.
KinderCare is the largest for-profit child care provider in the country and operates over 1,600 locations.
The 2.84 acre KinderCare property is situated between Arcadian Lane and Heritage Road. Heritage Road is a
main thoroughfare in the area. The property benefits from its location that is surrounded by single family homes.
Additionally, the KinderCare property benefits from its proximity to several elementary schools including Altmayer
Elementary, Dickinson Elementary, and Heritage Elementary. All three schools have enrollment in excess of 520
students and are located less than two miles from the property. There are approximately 70,000 people living within
a five mile radius of the property earning average household incomes in excess of $71,000.
EXECUTIVE
SUMMARY:
EXECUTIVE SUMMARY

5. INVESTMENT
HIGHLIGHTS:
NET LEASE INVESTMENT OFFERING
INVESTMENT HIGHLIGHTS
• Located within the Green Bay MSA
• Long term lease with approximately ten years remaining
• KinderCare is committed to this location as evidenced by their recent execution of a new lease extension
• Rental escalation in the primary term
• KinderCare is the largest for-profit child care provider in the country
• No landlord responsibilities
• Approximately 70,000 people living within a five mile radius earning average household incomes in excess of
$71,000
• Long and successful operating history at this location (1999)

6. PROPERTY
OVERVIEW: Price: $1,350,000
NET LEASE INVESTMENT OFFERING
Current Cap Rate: 7.60%
Net Operating Income: $101,800
Rental Escalations: $106,890 (8/1/2019)
Renewal Options: Three 5-Year*
Lease Commencement Date: July 14, 1999
Lease Expiration Date: July 31, 2024
Tenant: KinderCare
Year Built: 1997
Lease Type: NNN
Building Size: 10,293 SF
Land Size: 2.84 acres
PROPERTY OVERVIEW
* Renewal options are at Fair Market Value but not less than 90% or more than 110% of the base rent in effect for the lease
term immediately preceding the option period for which base rent is being determined.

7. NET LEASE INVESTMENT OFFERING
PHOTOGRAPHS

8. NET LEASE INVESTMENT OFFERING
SITE PLAN
HERITAGE ROAD
Toddler
Area
Play
Area
ARCADIAN LANE

9. NET LEASE INVESTMENT OFFERING
AERIAL
DE PERE
HIGH
SCHOOL
FORM OFFICE PARK
GLOBAL HEADQUARTERS
POPLAR AVENUE
KIRBY PARKWAY
37,000 VPD
25,000 VPD
DE PERE EAST
INDUSTRIAL PARK
DICKINSON
ELEMENTARY
SCHOOL
HERITAGE
ELEMENTARY
SCHOOL
HERITAGE ROAD
ARCADIAN LN

10. NET LEASE INVESTMENT OFFERING
MAP

11. NET LEASE INVESTMENT OFFERING
KinderCare Learning Center was founded in 1969 and is an American operator of for-profit child care facilities.
The company provides educational programs for children ages six weeks to twelve years old. Some 200,000
children are enrolled in more than 1,600 early childhood education community centers, 600+ before-and-after
school programs, and 100+ employer-sponsored centers in 39 states. KinderCare was acquired in 2005 by the
Knowledge Learning Corporation, a privately held education service firm. The deal was valued at over $1 billion
and made Knowledge Learning Center the nation’s largest private child care and education provider. KinderCare is
accredited by The National Association for the Education of Young Children (NAEYC).
Website: www.kindercare.com
Number of Locations: 1,600
Number of Employees: 33,000
Year Founded: 1969
TENANT
PROFILE:
TENANT PROFILE

12. NET LEASE INVESTMENT OFFERING
De Pere is a city located in Brown County, Wisconsin. As of the 2010 US Census, the population
of De Pere was 23,800. It is a suburb of Green Bay and is part of the Green Bay MSA. De Pere’s
historic downtowns offer unique shopping, casual and fine dining and live entertainment including
a comedy theatre and a variety of music. The community boasts an exceptional quality of life and
is known for its beautiful river views, water sports, parks, progressive attitude and family friend-liness.
There is over 1,400 acres of modern business parks and De Pere is home to the area’s
largest employer, Humana. The community has two exceptional public school districts, a special
needs school, Montessori and parochial schools, and is also home to nationally recognized Saint Norbert College.
www.de-pere.org
Green Bay is a city in and the county seat of Brown County in the State of Wisconsin. It is located
at the head of Green Bay, a sub-basin of Lake Michigan, at the mouth of the Fox River. With a
2010 US Census population of 104,057, Green Bay is the third largest city in the state of Wisconsin.
Green Bay is located approximately 110 miles north of Milwaukee. Green Bay is the principal city of
the Green Bay Metropolitan Statistical Area, which covers Brown, Kewaunee, and Oconto counties.
The MSA had a combined population of 306,241 at the 2010 census. Green Bay is home to the
National Football League Green Bay Packers, making it by far the smallest metropolitan area in the USA to host a major
professional sports franchise.
Green Bay is an industrial city with several meatpacking and paper plants, and a port on Green Bay, an arm of Lake
Michigan that locals call the Bay of Green Bay, to avoid conflating it with the city. Notable employers in the region include
Humana, Schneider National, Oneida Nation of Wisconsin, Georgia-Pacific, and Bellin Memorial Hospital.
www.greenbay.com
LOCATION
OVERVIEW:
LOCATION OVERVIEW

13. NET LEASE INVESTMENT OFFERING
DEMOGRAPHICS
Population 3-mi 5-mi 7-mi
Total Population 35,064 69,167 152,485
Total Households 14,007 28,020 61,929
Income 3-mi 5-mi 7-mi
Median Household Income $56,119 $52,995 $48,047
Average Household Income $76,155 $71,932 $64,199
DEMOGRAPHIC
REPORT:

14. Randy Blankstein
President
847.562.0003
randy@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
666 Dundee Road, Suite 1801
Northbrook, IL 60062
www.bouldergroup.com