Retail    

Guidepost Montessori

 Hollywood (Miami), FL

Asking Price

$12,567,857

Cap Rate

7.00%

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Expenses

NNN

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Year Renn.

2022/2023

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Square Feet

17,036 SF

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Avg HHI (5 Mi)

$90K

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Population (5 Mi)

398K

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Trophy Asset Located in Hollywood, FL in the Miami MSA. Conveniently Located on Hollywood Boulevard Between I-95 and Highway 1. Nearby National Brands Include Publix, Harbor Freight, Burger King, O'Reilly and More
  • Other Locations Available (Inquire w/ Broker)
  • Brand New 20-Year Corporate NNN Lease w/ 2% Annual Increases
  • $3.8 Million in Improvements Underway - Tenant is Currently Paying Rent
  • Rare Academy of Thought & Industry/Guidepost Montessori Expansion Location Serving High Schoolers/Middle Schoolers & Providing Additional Capacity to the Adjacent & Successful Guidepost Montessori School, Providing Easy Drop-Off for Parents with Children Varying in Age
  • Guidepost Montessori is the Largest Corporate Montessori School Operator in the U.S. with 95+ Locations Nationally and Locations Globally and Plans to Grow to 500+ Locations by 2026
  • Full Corporate Guaranty for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori)
  • Higher Ground Education Has Doubled Revenue Each Year Since 2016, Paid Full Rent for All of Their Schools Throughout the Pandemic and Has Seen Enrollments Double Since 2020. HGE Was Valued at $250 Million in 2021
  • Florida is an Income Tax-Free State
  • Population Counts Exceed 398k in a 5-Mile Radius and Are Projected to Grow 3.3% in a 1-Mile by '27
  • Excellent Average HH Income of $90k+ in a 5-Mile Radius
  • $736.2 Million Spent on Education & Day Care in a 10-Mile Radius

Exclusively Listed By

Milo Spector

Senior Vice President
  mspector@northmarq.com      +1 415.610.8970
BRE #01959211

Stephen Hasbrook

Investment Sales Analyst
  shasbrook@northmarq.com      +1 925.412.3467
BRE #02082677

Chris Lomuto

Associate Vice President

BRE #01962410

Matt Lipson

Associate Vice President

BRE #01892096

In Association With
Jason Long

Broker FL Lic. #BK3302956

Northmarq

2121 N California Blvd, Suite 290
Walnut Creek, CA 94596


northmarq.com