Highlights

• 15-Year Corporately-Guaranteed Lease (Nobel Learning Communities)
• 10 Percent Rent Increases Every Five Years
• Located Within "The Town of Tradition," a Brand New 2,515-Acre Community

• The Town of Tradition Consists of 7,000-Plus Residents, 1,295,567 Square Feet of Office and 675,512 Square Feet of Retail Space
• Port Saint Lucie has a Metropolitan Area of Over 400,000 Residents
• Brand New Construction - Lease Commences 11/2009

Description

Marcus & Millichap is pleased to announce for sale a 10,500-square foot daycare facility located in the Town of Tradition in Port Saint Lucie, Florida.

Chesterbrook Academy has executed a corporately-guaranteed lease (Nobel Learning Communities Incorporated). The lease features a 15-year triple-net lease (landlord responsible for roof/structure) with 10 percent rental escalations every five years and five, three-year options to renew. Nobel Learning Communities is one of the largest for-profit school management operators in the United States. They provide private education at 175-plus locations in 14 states, with an aggregate capacity of approximately 25,000 children.

The Town of Tradition is a new master-planned, mixed-use community located in the heart of one of America's fastest growing regions. Located directly off Interstate 95, the 2,515-acre community consists of over 7,000 residents, 1,295,567 square feet of office space and 675,512 square feet of retail.

Port Saint Lucie is approximately 94.2 square miles in area and has a population of over 151,391 residents. The city of Port Saint Lucie projects tremendous growth with numerous factors indicating that population could surpass 200,000 within the next 10 years.