Retail    

The Nest Schools

 San Antonio, TX

 

Asking Price:
$6,878,474

Cap Rate (Actual):
6.75%

Cap Rate (Avg Over Term):
7.96%

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Expenses

Abs NNN

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Over $3 Million in

Tenant Improvements

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Avg HHI

$114K (1-Mi)

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Population

327K (5-Mi)

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
  • Over $3 Million in Tenant Improvements Completed, Including a Brand New Construction 7,872 Sq Ft Expansion Building, Renovations to the Existing Building and a New Playground
  • 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
  • Approximately 14 Years Remaining on an Absolute NNN Lease with No Landlord Responsibilities & Above Market 2.5% Annual Increases
  • Corporate Lease Signator & Very Strong Personal Guaranties from the Founders of Nest (Contact Broker for More Info)
  • Population Counts Exceed 327k+ in a 5-Mile Radius
  • Excellent Average HH Income of $114k+ in a 1-mile Radius is Expected to Rise 10% by '28
  • $558+ Million Spent on Education & Day Care in a 10-mile Radius
  • Located in an Income Tax-Free State
  • Dense Residential Surrounding the Property While Close Proximity to a Strong Mix of Retail - Nearby National Brands Include Walmart, CVS, Shell, Gold's Gym, Walgreens, Pizza Hut, and More
  • Feeder School for Six Elementary Schools Within a 2-mile Radius of the Location, including James L. Carson Elementary School Which Is Directly Across the Street

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
James William Gibson

TX Lic. #392926

Northmarq

100 Pringle Avenue, Suite 320
Walnut Creek, CA 94596


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