November 16, 2020 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of KinderCare in Westwood, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,025,000.
KinderCare is located at 200 Providence Highway in Westwood, Massachusetts. Constructed in 2003 the stand alone building consists of 10,350 square feet on a 1.34-acre parcel. KinderCare has operated at this location for 17 years, and they recently extended their lease through February of 2031 with two, 5-year renewal options remaining. KinderCare has a Double Net Lease with a scheduled rent increase in 2026, and at the start of each renewal option. KinderCare operates at the Property under its “Knowledge Beginnings” brand. The Property is located on Providence Highway (Route 1), a primary commuter highway and retail corridor for residents of Boston’s southwest suburbs including the towns of Norwood, Westwood, Walpole, Canton, Dedham and Foxboro. Westwood offers a highly populated, affluent demographic and the location is part of a prominent trade area, offering a robust market comprised of both residents and visitors. KinderCare is well positioned to meet the needs of the area, as the only nationally recognized Daycare and Early Learning Center in Westwood.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.