Retail    

The Nest Schools

 Barrington (Chicago), IL

Asking Price

$5,081,421

Cap Rate

7.00%

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Expenses

Abs NNN

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2%

Annual Increases

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Avg HHI

$210K (3-Mi)

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Very Strong

Personal Guaranties

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • The Nest Schools Is Corporately Operated and Currently Has 50 Schools Open Nationally with Plans to Open Over 200 Schools. The Founders Have 30+ Years of Experience and Previously Operated a Best-In-Class Early Education Platform in the Northeast
  • Rockbridge Growth Equity Invested in The Nest Schools in 2022 to Accelerate Growth and Create Long Term, Sustainable Value. As of 2021, Rockbridge had Over $1.2 Billion in Assets Under Management and Experience in the Education Sector
  • Over 16 Years Remaining on an Absolute NNN Lease with No Landlord Responsibilities & 2% Annual Increases
  • Corporate Lease Signator & Very Strong Personal Guaranties from the Founders of Nest (Contact Broker for More Info)
  • Property is Being Completely Renovated with Over $3 Million in Tenant Improvements Underway
  • Outstanding Average HH Income of $210k+ in a 3-Mile Radius is Expected to Rise over 11% by '29
  • $636+ Million Spent on Education & Day Care in a 10-Mile Radius
  • Dense Residential Surrounding the Property While Close Proximity to a Strong Mix of Retail - Nearby National Brands Include Starbucks, Heinen's Grocery Store, Jewel-Osco, Club Pilates, Chipotle, Jiffy Lube, Walgreens, McDonald's, Chase Bank, and More
  • Feeder School for Four Elementary Schools Within a 1.5-Mile Radius of the Location, including Hough Street Elementary School, Which is about a half mile from the Property

Exclusively Listed By

Remmington Penn

Associate
  rpenn@northmarq.com      +1 415.925.9955
BRE #02220211

Milo Spector

Senior Vice President
  mspector@northmarq.com      +1 510.461.4505
BRE #01959211

Stephen Hasbrook

Investment Sales Analyst
  shasbrook@northmarq.com   
BRE. #02082677

In Association With
Tom Fritz

IL Lic. #471018602

Northmarq

100 Pringle Avenue, Suite 320
Walnut Creek, CA 94596


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