Capital Pacific is pleased to present an opportunity to acquire Guidepost Montessori (“777 Levy Road”), an internet-resistant net lease investment in Folsom, California. The 9,600 square foot property features a brand new, 20-year corporate-guaranteed lease with 2% annual rental increases and two 5-year options. The lease structure is corporate NN and Seller just replaced the roof, limiting Landlord’s “roof & structure” responsibility.
The Subject Property is an established school site which has been renovated and is now operating under the successful Guidepost Montessori brand, the largest Montessori school operator in the United States. The lease is guaranteed by Guidepost’s parent company, Higher Ground Education (HGE), which operates 42 Guidepost locations in high-demographic markets throughout the U.S.
777 Levy Road is one of two school buildings occupied by Guidepost at this site, and the only building that features playground space which creates additional value for this property. The site is bounded by two busy roads, Riley Street and Levy Road, and features excellent visibility. The Folsom trade area (Sacramento MSA) is characterized by affluent, dense housing and a strong economy. The average household income within a 5-mile radius is above $130,000.
