Nest Schools

840 Dempsey Road, Westerville, OH 43081

$2,535,211

Cap Rate 7.10%

Views: 52 DOM: 113 Updated: 11.11.24 Posted: 08.30.24 Status: Active

Summary

Price $2,535,211	Built/Renov 1984/2010	Tenant Nest Schools
Cap Rate 7.10%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 7,436	Lease Start 03-12-2021	#Units 51
Price/SF $340.94	Expiration 03-31-2041	Tenant Type Daycare/Education
NOI $180,000	R. Term 16.3	Ownership Fee Simple
Rent/SF $24.21	Increases 2.0%/1/yrs	Pop 5Mi 239,118
Lot/AC 1.23	Options 2/10yrs/2%	AHHI 5Mi $110,629

Lease Highlights

The Nest Schools has 16+ years remaining on the current lease term with 2 (10-year) options to extend
The lease features 2% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate lease signator and very strong personal guarantees from the Founders of Nest

Location Description

Nest Schools is strategically located near the hard corner intersection of Dempsey Road and Sunbury Road with access to 48,515 vehicles passing by daily. The property is surrounded by well-known national tents including Kroger, Target, ALDI, Kohl’s, Walmart Supercenter, Petco, CVS and more. Within a 5-mile radius, there are over 11 feeder elementary schools, including Wilder, Huber Ridge,...

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Key Features

Build to suit
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee
Personal guarantee

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Links

Nest Schools Wikipedia Westerville, Ohio Zip Code 43081 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Nest Schools
Guarantor:Corporate
Company:Rockbridge Growth Equity
# Units:51
Stock:Private

About Tenant

The Nest Schools is a private early childhood education provider offering daycare, preschool, and kindergarten programs. The company is known for its proprietary "Nest Play" curriculum, which is...

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Listing Broker

Andrew Gilbert

Sands Investment Group

Contact

14 Listings
1706 Views
2 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
2722 Views
5 Sold

Andrew Gilbert

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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Chris Sands

Sands Investment Group

Contact

10 Listings
1420 Views
2 Sold

Clifton McCrory

Sands Investment Group

Contact

37 Listings
3392 Views
4 Sold

Chris Sands

In 2010 Chris set out to form Sands Investment Group, a firm that would focus on buying and selling net lease properties. His vision was to lead a highly specialized and knowledgeable company able to provide clients with a level of service unprecedented in the industry. A few short years later, the result is one of the fastest growing and most successful net lease companies in the country, with advisors that are among the most distinguished and sought after in the industry. Born and raised in

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Clifton McCrory

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