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Views: 47 DOM: 129 Updated: 11.11.24 Posted: 08.14.24 Status: Active

Summary

Price $5,067,789
Built/Renov 2005
Tenant Nest Schools
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 11,800
Lease Start 07-21-2023
#Units 51
Price/SF $429.47
Expiration 07-20-2038
Tenant Type Daycare/Education
NOI $337,008
R. Term 13.7
Ownership Fee Simple
Rent/SF $28.56
Increases 2.0%/1/yrs
Pop 5Mi 151,491
Lot/AC 6.88
Options 0/0yrs
AHHI 5Mi $167,523

Lease Highlights

  • Nest Schools has 13+ years remaining on the current lease term with no options to renew
  • The lease features 2% annual rental increases throughout the initial term
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal and Corporate guarantee

Location Description

Nest Schools is strategically located on McKee Road, with access to 24,017 vehicles passing by daily. The property is conveniently situated close to nine elementary feeder schools within a 5-mile radius. The immediate area boasts well-known national tenants, including Publix, Dunkin', Domino's, Smoothie King, UPS, and others. The 5-mile trade area supports a population of 151,491 residents...

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Maps

  • 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 : 8,181 66,948 159,778
2024 Total Population : 8,234 66,125 156,630
2024 Employed Civilian Pop : 4,334 34,188 82,567
2024 Total Businesses : 251 1,924 6,440
2024 Average Household Income : $ 189,006 $ 177,175 $ 171,301
2024 Total Consumer Spending : $ 440 M $ 3674 M $ 8684 M
2024 Median Age : 41 42 42
2024 Total Households : 2,742 24,367 59,333
2024 Pop Age 25+: Bachelor's Degree : 2,456 18,873 44,975
2024 Average Home Value : $ 554,335 $ 567,264 $ 583,196
*ESRI data is presented for informational purposes only

Listing Broker

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