Retail    

The Nest Schools

 Houston, TX

Asking Price

$3,786,240

Cap Rate

6.25%

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Expenses

Abs NNN

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Avg HHI

$144K (1-Mi)

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Population

261K (5-Mi)

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Low Rent PSF

Corporate Guaranty

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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
  • Low Rent PSF (Below $20) & Price PSF for Early Education/Childcare Properties
  • Approximately 14 Years Remaining on an Absolute NNN Lease with No Landlord Responsibilities & and 2% Annual Increases
  • Corporate Lease Signator & Very Strong Personal Guaranties from the Founders of Nest (Contact Broker for More Info)
  • Over $800,000 in Tenant Improvements Were Completed at the Property in 2023, Including a New Roof. This Center Features a Very Standardized Building Format for Early Education

  • Population Counts Exceed 261k in a 5-Mile Radius and Are Projected to Grow by 5.54% in a 1-Mile Radius by '28
  • Excellent Average HH Income of $144k+ in a 1-Mile Radius is Expected to Rise 7.84% by '28
  • $918 Million Spent on Education and Day Care in a 10-Mile Radius
  • Located in an Income Tax-Free State
  • Strong Mix of Retail and Residential Surrounding the Property - Nearby National Brands Include Chick-fil-A, Target, Lowe's, Sam's Club, The Home Depot, Olive Garden
  • Proximity to Houston Methodist West Hospital, Texas Children's Hospital West Campus, and Westgate Business Park Providing Convenient Early Education and Childcare Services for Staff

Exclusively Listed By

Milo Spector

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

Remmington Penn

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

Matt Lipson

Vice President

OR Lic. #201225340

Chris Lomuto

Associate Vice President

BRE #01962410

In Association With
James William Gibson

TX Lic. #392926

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