Investment Highlights

LONG-TERM LEASE WITH SCHEDULED RENTAL INCREASES TO NATIONAL TENANT WITH BRAND RECOGNITION AND GROWTH
» Long-term net lease with 8% rental increases every five years
» Tenant has over 450 locations in 22 states and has ranked in the Franchise 500 nine years in a row
» Tenant experienced 210% increase in five-year system-wide revenue growth and is one of the fastest growing franchises in its industry

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR WITH ROBUST DEMOGRAPHICS
» Excellent access and visibility to 18,0386 vehicles per day at the signalized intersection of Pflumm Road and West 133rd Street
» Near West 135th Street (26,100 AADT), a major commercial and retail corridor
» Outparcel to Crystal Springs, a new mixed-use development that will include a 248-unit apartment complex plus retail and office space
» Affluent area, with an average household income of $159,184 within one mile and average household incomes exceeding $122,654 within three- and five-mile radii, significantly higher than national and regional averages
» Large population of 101,997 within three miles of the property and 231,562 within five miles
» Located near major employers, with 166,707 daytime employees working within a five-mile radius

BEDROOM COMMUNITY WITH HIGH DEMAND FOR CHILDCARE AND EARLY EDUCATION
» Located in Overland Park, a family-oriented community whose average residents include working executives and school-age children
» Public school districts in Overland Park rank among the best in the nation
» Community places a high value on education; 61.4% of all Overland Park residents 25 years or older have a bachelor’s degree or higher
» Many residents commute to Kansas City and the surrounding communities for work, creating a high demand for childcare services

Property Description

The property is conveniently located at the signalized intersection of Pflumm Road and West 133rd Street, with excellent visibility and access to 18,386 vehicles per day. The property is approximately one block from West 135th Street (26,100 AADT), one of Overland Park’s main commercial and retail corridors. A number of major national and regional retailers are located a short distance from the property, including Walmart Supercenter, Lowe’s, Walgreens, Menards, Hobby Lobby, Starbucks, CVS, and more. The property is also outparcel to Crystal Springs, a new mixed-use development that will include a 248-unit apartment complex plus retail and office space.

The property is surrounded by affluent residential neighborhoods; the average household income within one mile of the property is $159,184, and average household incomes within three- and five-mile radii exceed $122,654. Additionally, the property benefits from its location in a densely populated area, with 101,997 residents within a three-mile radius and 231,562 residents living within a five-mile radius. Furthermore, the property is located near major employers, with 166,707 daytime employees working within a five-mile radius. A majority of the region’s workforce works outside of the home, and many residents commute to Kansas City and the surrounding communities for work, providing a high demand for childcare services.