Retail    

Guidepost Montessori

 Palm Beach Gardens (Miami), FL

Asking Price

$11,184,286

Cap Rate

7.00%

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Expenses

NNN

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Year Renn.

2022/2023

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Square Feet

13,446 SF

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Avg HHI (1 Mi)

$103K

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Population (5 Mi)

162K

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Trophy Palm Beach Gardens Location in the Miami MSA. In Proximity to Multiple Medical Centers, Schools, and National Brands Including Trader Joe's, Total Wine, Publix, McDonald's and More
  • Other Locations Available (Inquire w/ Broker)
  • 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
  • Brand New 20-Year Corporate NNN Lease w/ 2% Annual Increases
  • $1.59M+ in Improvements Underway, Including New Roofing - Tenant is Currently Paying Rent
  • 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 162k in a 5-Mile Radius and Are Expected to Grow 2% by 2027
  • Excellent Average HH Income of $130k+ in a 5-Mile Radius
  • $379 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