Retail    

Guidepost Montessori

 Hollywood (Miami), FL

*Construction Completion Estimated for May/June 2023*

Asking Price

$13,805,308

Cap Rate

6.50%

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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. Approximately $1.5 Billion in Development is Planned, Under Construction or Recently Completed in Hollywood, FL (See Page 16 & 17 of OM). Hollywood East Apartments on the Same Block Sold for $103 Million. $70 Million & 180-Unit Apartment Development Directly Across the Street
  • Other Locations Available (Inquire w/ Broker)
  • 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 120+ Locations Nationally and Globally 
  • 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, and $600 Million in 2023
  • 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

Chris Lomuto

Associate Vice President

BRE #01962410

Matt Lipson

Associate Vice President

OR Lic. #201225340

In Association With
Jason Long

Broker FL Lic. #BK3302956

Northmarq

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


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