131 Keybridge Dr, Morrisville, NC 27560

Colliers International, on behalf of the owner, is pleased to exclusively offer the opportunity to purchase 131 Keybridge Drive, located in Morrisville, NC. The subject property is a 11,250 square foot, free standing, single story daycare building located in Morrisville, NC. (Raleigh-Durham Market) The property is 100% leased to KinderCare. It has operated as a daycare since 2010, with KinderCare taking over operations in 2019 and recently extending the lease, showing commitment to the site. KinderCare is the largest childcare provider in the United States. They have around 200,000 children enrolled in over 1,500 KinderCare early childhood education centers across 39 states. The private company employs over 30,000 people and has a Moody’s Rating of B3, Stable.

Morrisville is in the middle of the Triangle region of North Carolina, adjacent to Cary, and between Durham, Chapel Hill and Raleigh. The Triangle is one of the fastest growing and most sought-after real estate markets in the country. Morrisville has a very highly educated and affluent population, giving it ideal demographics for a KinderCare daycare. The subject property is just off Highway 54, which sees 20,000 vehicles per day. The surrounded area features Class A retail and mixed-use developments anchored by national tenants like Target and Walmart. There are also several office parks, such as Centre Green, and a large number of multi- and single-family home developments.