Log In/Sign Up
Your email has been sent.
6050 Park Sq
Lorain, OH 44053
The Nest Schools (Cleveland, OH MSA) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Nest Schools operates 50+ locations, with plans for 200+
- 15+ years left on NNN lease with 2% annual increases
- 1 mile from Lake Erie, near $100M+ in education spending
- Rockbridge Growth Equity invested in 2022, managing $1.2B+ in assets
- Avg. income $112k+, growing 14% by 2028
- Close to residential areas, Lowe's, and Target
EXECUTIVE SUMMARY
Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "The Nest Schools" in Lorain, Ohio.
There are over 15 years remaining on a corporate, absolute NNN lease with 2% annual rental increases and extraordinarily strong personal guaranties from the founders of Nest. The Nest Schools are corporately operated and have 50+ locations currently open with plans to grow to over 200 locations. The property is conveniently found next to a retail hub, which has large national tenants that include Lowe's Home Improvement and Target, and that serves as the main neighborhood market for hundreds of surrounding homes. This, along with there being five elementary schools within a 5-mile radius, makes this property perfectly located to meet the community’s education/childcare needs. The area boasts an excellent average household income of $112k+ within a 1-mile radius and population counts are 73k+ within a 5-mile radius of the property.
There are over 15 years remaining on a corporate, absolute NNN lease with 2% annual rental increases and extraordinarily strong personal guaranties from the founders of Nest. The Nest Schools are corporately operated and have 50+ locations currently open with plans to grow to over 200 locations. The property is conveniently found next to a retail hub, which has large national tenants that include Lowe's Home Improvement and Target, and that serves as the main neighborhood market for hundreds of surrounding homes. This, along with there being five elementary schools within a 5-mile radius, makes this property perfectly located to meet the community’s education/childcare needs. The area boasts an excellent average household income of $112k+ within a 1-mile radius and population counts are 73k+ within a 5-mile radius of the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,272 SF
Building Class
B
Year Built
2007
Price
$2,622,857
Price Per SF
$360.68
Cap Rate
7%
NOI
$183,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.10 AC
Parking
15 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 05-00-020-000-071 | Improvements Assessment | $659,764 |
| Land Assessment | $87,206 | Total Assessment | $746,970 |
PROPERTY TAXES
Parcel Number
05-00-020-000-071
Land Assessment
$87,206
Improvements Assessment
$659,764
Total Assessment
$746,970
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
