Retail    

The Nest Schools

 Lorain (Cleveland), OH

Asking Price

$2,571,429

Cap Rate

7.00%

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Expenses

Abs NNN

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2%

Annual Increases

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Avg HHI

$112K (1-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)
  • Outstanding Average HH Income of $112k+ in a 1-Mile Radius is Expected to Rise over 14% by '28
  • The Property is About 1 Mile from Lake Erie
  • $100+ Million Spent on Education & Day Care in a 10-mile Radius
  • Dense Residential Surrounding the Property, While in Close Proximity to some Big Box Retail, with National Brands Including Lowe's Home Improvement and Target
  • Feeder School for Five Elementary Schools Within a 5-mile Radius of the Location, including Powers Elementary School Which Is Just Over a Mile Away

Exclusively Listed By

Milo Spector

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

Remmington Penn

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

In Association With
Jeff McKinney

OH Lic. #BRK.2016002560

Northmarq

100 Pringle Avenue, Suite 320
Walnut Creek, CA 94596


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