Retail    

Guidepost Montessori

 St. Augustine (Jacksonville), FL

Asking Price

$8,471,429

Cap Rate

7.00%

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Expenses

NNN

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Year Built | Ren.

2006 | 2023

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Square Feet

12,728 SF

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Projected Pop. Growth (1 Mi)

29%

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Avg HHI (1 Mi)

$95K

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 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, Growth of 40+ Schools Annually, and Plans to Grow to 500+ Locations by 2026
  • Brand New 20-Year Corporate NNN Lease w/ 2% Annual Increases
  • $1.425 Million In Improvements Underway - Currently Open & Operating and Will Remain Open During Renovations - Tenant Currently Paying Rent (Inquire w/ Broker for More Details)
  • 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 its Schools Throughout the Pandemic, and Has Seen Enrollments Double Since 2020. HGE was Valued at $250 Million in 2021
  • Heavily Trafficked Location Just Two Blocks from Interstate-95 (84k VPD) at the intersection of International Golf Parkway and North Francis Road (13k VPD)
  • Population Counts Within a 1-Mile Radius Are Projected to Grow 29% by 2027
  • Exceptional Average HH Income of $149k+ in a 5-Mile Radius is expected to reach $172k+ over the Next 5 Years
  • $60 Million was Invested in the Nearby Tocoi Creek High School Campus, Acting as a Feeder School for This Location
  • This Property is Located Between Two New Housing Developments and is Adjacent to a 78k Square Foot Business Park. Nearby National Brands Include Wendy’s, Publix, Walgreens, Costco Wholesale, and CubeSmart Self Storage
  • $139.6 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