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Views: 178 Updated: 01.08.25 Posted: 02.09.24 Status: Inactive 01.08.25

Summary

Price $5,129,000
Built/Renov 2023
Tenant Guidepost Montessori
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 11,237
Lease Start 11-01-2023
#Units 150
Price/SF $456.44
Expiration 08-31-2043
Tenant Type Daycare/Education
NOI $359,000
R. Term 18.5
Ownership Fee Simple
Rent/SF $31.95
Increases 2.0%/1/yrs
Pop 5Mi 111,647
Lot/AC 3.26
Options 4/5yrs/2%
AHHI 5Mi $110,520

Lease Highlights

  • Brand-new 2023 construction
  • Guidepost Montessori has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and each option period

  • Corporate guaranteed lease

Location Description

Guidepost Montessori is strategically located on Ridgewood Drive, directly fronting Silver Spring Drive, with access to 18,100 vehicles passing by daily. The property is located adjacent to Silver Spring Corporate Park, which houses Kohl’s Corporate headquarters with approximately 4,900 employees. National tenants in the area include Dunkin', Walgreens, McDonald's, and more. The 5-mile trade...

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Tenant

  • Tenant: Guidepost Montessori
  • Guarantor:Corporate
  • Company:Higher Ground Education
  • # Units:150
  • Stock:Private

About Tenant

Guidepost Montessori is the world’s largest Montessori network and focuses on providing a unique, holistic, child-centered education for children ages 0 to 12. The curriculum promotes...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,678 35,289 116,843
2023 Total Population : 5,377 34,276 114,915
2023 Employed Civilian Pop : 2,546 18,151 57,837
2023 Total Businesses : 113 1,284 4,575
2023 Average Household Income : $ 183,840 $ 152,981 $ 125,493
2023 Total Consumer Spending : $ 315 M $ 1686 M $ 4936 M
2023 Median Age : 42 47 44
2023 Total Households : 2,058 13,076 46,106
2023 Pop Age 25+: Bachelor's Degree : 1,561 8,950 26,589
2023 Average Home Value : $ 461,609 $ 435,585 $ 379,440
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ravenwood Dr Creekwood Xing 2000 150 0.29 mi
Walnut Way Dr Marcy Rd 2003 240 0.54 mi
Marcy Rd Walnut WayDr 2015 4,000 0.60 mi
Silver Spring Dr Westwind Dr 2015 18,100 0.73 mi
Lisbon Rd Wessex Dr 2018 9,900 0.84 mi
Meadow Vw E Meadow View Dr 2000 150 0.86 mi
Silver Spring Dr Jackson Dr 2018 16,700 0.86 mi
Meadow Vw W Lisbon Rd 2000 80 0.88 mi
Wessex Dr Bedford Dr 2000 350 0.88 mi
Three Meadows Dr Lisbon Rd 2000 150 0.90 mi

Listing Broker

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Evan Halkias

Cushman & Wakefield

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  • 3 Listings
  • 471 Views
  • 1 Sold
David Matheis

Cushman & Wakefield

Contact
  • 3 Listings
  • 471 Views
  • 1 Sold

Evan Halkias is an Executive Director and co-leader of C&W’s Midwest Retail Capital Markets Team based in Chicago. With more than 19 years of experience, Evan has a retail specialty with a core focus in open-air shopping centers throughout the Midwest. Evan is a member of Cushman & Wakefield’s Retail Investment Advisor Group, which is a small contingent of agents across the country that lead client accounts on a national level. Evan and his team have facilitated more than $5 billion in

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David Matheis is an Associate Director for the Retail Investment Advisory team of Cushman & Wakefield in Chicago representing clients in the sale and acquisition of commercial investment properties and advising on valuation, appropriate timing, and structure of sale. With 14 years of commercial real estate experience, David utilizes proprietary pricing models and detailed financial underwriting to help clients transact in the most favorable terms possible. He continuously researches capital

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Michael Marks

Cushman & Wakefield

Contact
  • 3 Listings
  • 471 Views
  • 1 Sold

Michael Marks is a Managing Director at Cushman & Wakefield and a co-leader of the firm's Chicago Retail Investment Sales practice. Over a fourteen year career in the commercial real estate industry, Mr. Marks has transacted or advised on aggregate sales approaching $3 Billion. Michael’s unique understanding of the local market has allowed him to transact some of the most highly coveted retail assets in the Chicago market on distinguished corridors, including Michigan Avenue and State Stree

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