The property is leased to the nation’s second-largest for-profit early education provider, operating over ±1,070 schools under eleven brands. The company is recognized as a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal.
Annual Rental Increases
The lease features 1.75% annual rent increases throughout the remaining ±8.00 years of the initial 15-year term, plus two, 5-year renewal options.
Essential Service – Recession-Resilient Tenant
Queensbury experiences high-demand for childcare services due to a shortage of quality options. Many households are dual-income families and need full-time childcare.
The childcare sector is a needs-based, non-discretionary service with strong long-term demand, including during economic downturns. Post-pandemic enrollment trends remain robust in suburban markets, driven by limited supply of high-quality early education options.
Affluent Trade Area / Demographics
The surrounding ±5-mile radius boasts an average household income of approximately $103,900.
The property is situated just 3 miles north of Glens Falls, NY, where the median age is ±37 years old.
High-income, suburban demographics are indicative of a stable, family-oriented demographic base supportive of sustained childcare demand.
Nearby Feeder Elementary Schools
The site benefits from proximity to more than ±15 feeder elementary schools within a ±5-mile radius. In total, Warren County hosts ±16 public elementary schools, ±9 middle schools, and ±11 high schools, reinforcing long-term demand drivers for early childhood education services in the area.
Close Proximity to Family and Tourist Attractions
Six Flags Great Escape, one of the region’s biggest attractions, is located less than 5-miles from the property. This attraction draws in over a million guests annually.
Lake George sits just 10-miles north of Queensbury and is the primary tourism engine bringing millions of visitors annually.