|Gross Leasable Area (GLA)||7,516|
|Price Per Square Foot (GLA)||$156|
|Lot Size||2.00 Acres|
On behalf of ownership, Marcus & Millichap exclusively presents the opportunity to acquire a NN fee simple KinderCare located in Allentown, Lehigh County, Pennsylvania. The tenant just renewed their lease in May 2014 for an additional 5 years showing their commitment to the location. The lease is under a corporate guarantee from Knowledge Universe Education LLC (KUE LLC), a majority-owned and controlled subsidiary of Knowledge Universe Educational Holdings Inc. KUE LLC is, by far, the nation’s leading provider of early childhood education operating under the brand names of KinderCare, Knowledge Beginnings and others. The company also operates for profit adult education and corporate training facilities. KUE LLC has over 1700 locations operating throughout the U.S. Together with Knowledge Universe Educational Holdings Inc.; the firm is one of Portland, Oregon’s largest employers with over 40,000 employees serving over 300,000 students daily.
The subject property is strategically located in the heart of over 1M square feet of industrial & office space and home to over 20 major companies such as Sam Adams brewing plant, UTZ Foods, Nestle Water, Coca Cola Syrup Plant and Sharp Corporation. KinderCare is situated off of Interstate 78, which connects New York to Harrisburg.