CBRE is pleased to offer to the market Nido Early School Elizabeth Vale (Adelaide), a strategically located metropolitan Adelaide childcare centre located at 36-40 John Rice Avenue, Elizabeth Vale (Adelaide) SA, for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ Long term 20 year net lease to 2041 plus two (2) further ten (10) year options to 2061
+ Nido Early School: premium ASX-listed early education provider with a network of 102+ centres nationally and a market cap of $105+ million⁵
+ Rare greater of 3% or CPI +1%¹ annual rental increase guaranteeing strong long-term income growth
+ Landlord-friendly net lease structure – tenant pays 100% of outgoings including rates, taxes, insurances, management and general repairs & maintenance
+ High exposure 2,439sqm* site with over 93m* of combined frontage to 166,000* vehicles passing weekly²
+ Prime 102 LDC place childcare centre in a high-demand location with the 0-4 year old per childcare place ratio 104% higher than the state average
+ Ideally positioned near the Lyell McEwin Hospital, which recently completed a four-stage redevelopment representing over $350 million in capital investment and providing a substantial economic boost to the area
+ Strategically located adjacent to IGA and in close proximity to an array of national brands, including Bunnings, Petbarn, Repco, Autobarn, Beacon Lighting, KFC, Hungry Jack‘s, Starbucks, and more
+ City of Playford: key Adelaide growth corridor with the population forecast to surge by over 58% by 2046⁴
+ Elizabeth Vale: median house prices in Elizabeth Vale have increased by 170% over the past five years³
+ Net Income: $399,484 pa + GST*

Early Childhood Education: An Essential Service Asset Class with Bipartisan Government Support:

In 2025-2026, the Federal Government is investing over $16 billion for early childhood education through the Child Care Subsidy. This investment aims to ensure that every child has access to at least 3 days per week of subsidised early education and care, benefiting around 100,000 families by expanding eligibility for additional subsidised care hours and supporting access to quality early education. The Government is also allocating $3.6 billion to fund educator wage increases.

To be sold via Private Treaty

Please contact the exclusively appointed sales team for more information.

*Approx.
1 Capped at 3.5%
2 Gapmaps
3 Realestate.com.au
4 Profile.ID
5 As at 27/2/26