Nest Schools

19315 Hilliard Boulevard, Rocky River, OH 44116

$4,285,714

Cap Rate 7.00%

Views: 85 DOM: 99 Updated: 11.05.24 Posted: 08.14.24 Status: Active

Summary

Price $4,285,714	Built/Renov 2002	Tenant Nest Schools
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 9,766	Lease Start 04-01-2022	#Units 51
Price/SF $438.84	Expiration 03-31-2041	Tenant Type Daycare/Education
NOI $300,000	R. Term 16.4	Ownership Fee Simple
Rent/SF $30.72	Increases 2.0%/1/yrs	Pop 5Mi 214,929
Lot/AC 0.50	Options 2/10yrs/2%	AHHI 5Mi $75,746

Lease Highlights

Nest Schools has 16+ years remaining on the current lease term with 2 (10-year) options to extend
The lease features 2% annual rent 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 at the signalized, hard corner intersection of Hilliard Boulevard and Wooster Road, with access to a combined daily traffic count of 28,676 vehicles. The property benefits from high visibility from I-90, which sees 102,162 VPD. The immediate area features well-known national tenants including Aldi, Savers, The Home Depot, Dollar Tree, Hallmark, and more....

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Key Features

Signalized intersection
Hard corner intersection
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Nest Schools Wikipedia Rocky River, Ohio Zip Code 44116 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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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	13,543	103,768	212,726
2024 Total Population :	13,900	106,641	217,915
2024 Employed Civilian Pop :	8,586	63,132	121,643
2024 Total Businesses :	752	3,892	8,126
2024 Average Household Income :	$ 132,273	$ 108,392	$ 95,798
2024 Total Consumer Spending :	$ 766 M	$ 4806 M	$ 8511 M
2024 Median Age :	42	40	40
2024 Total Households :	6,699	50,684	100,823
2024 Pop Age 25+: Bachelor's Degree :	3,653	24,715	40,323
2024 Average Home Value :	$ 360,201	$ 296,306	$ 276,068

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Wooster Rd	Rockcliff Dr	2007	12,810	0.02 mi
Hilliard Blvd	Wooster Rd	2000	14,265	0.04 mi
Hilliard Blvd	Wooster Rd	2012	10,677	0.08 mi
Hilliard Blvd	Jameston Dr	2003	12,700	0.10 mi
I- 90	Wooster Rd	2000	97,220	0.11 mi
RAMP FROM HILLIARD BLVD TO IR90 EB	Wooster Rd	2021	9,948	0.15 mi
RAMP FROM IR90 WB TO HILLIARD RD	Wooster Rd	2021	10,529	0.17 mi
Wooster Road	Colahan Dr	2021	13,084	0.18 mi
Wooster Rd	Laurel Ave	2013	11,990	0.23 mi
Wooster Rd	River Pt	2003	14,400	0.27 mi

Listing Broker

Andrew Gilbert

Sands Investment Group

Contact

14 Listings
1468 Views
2 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
2174 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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Adam Bridges

Sands Investment Group

Contact

6 Listings
453 Views
1 Sold

Clifton McCrory

Sands Investment Group

Contact

37 Listings
2708 Views
4 Sold

Adam Bridges

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Clifton McCrory

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