Retail    

The Nest Schools

 Westerville (Columbus), OH

Asking Price

$3,629,629

Cap Rate

6.75%

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Expenses

Abs NNN

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Avg HHI

$146K (3-Mi)

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Population

204K+ (5-Mi)

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Corporate

Lease Signator

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Other Locations Available (Inquire w/ Broker)
  • The Nest Schools is a Top 50, Corporately Operated Early Education Provider that Has 50 Schools Open Nationally and 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
  • Approximately 18 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)
  • Population Counts Exceed 198k in a 5-Mile Radius & Projected to Grow 2.94% by '27
  • Excellent Average HH Income of $146k in a 3-Mile Radius & Projected to Grow by 13.71% by '27
  • Approximately $900,000 in Tenant Improvements Underway (Est. Completion - 7/2023)
  • $560 Million Spent on Education & Day Care in a 10-Mile Radius
  • Strong Mix of Retail and Residential Surrounding the Property - Nearby National Brands Include Starbucks, Chipotle, Meijer, Walmart, Kroger, Big Lots, Home Depot, and More
  • Feeder School for Hanby Elementary, Emerson Elementary, St. Paul Catholic School, Whittier Elementary School, Longfellow Elementary, Blendon Middle School, and Westerville South High School

Exclusively Listed By

Milo Spector

Senior Vice President
  mspector@nortmarq.com      +1 415.610.8970
BRE #01962410

Remmington Penn

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

Matt Lipson

Vice President

BRE #01892096

Chris Lomuto

Associate Vice President

BRE #01962410

In Association With
Jeff McKinney

OH Lic. #BRKP.2016002560

Northmarq

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