Nest Schools

5637 South Himalaya Street, Centennial, CO 80015

$4,853,333

Cap Rate 6.12%

Views: 29 DOM: 48 Updated: 11.01.24 Posted: 10.04.24 Status: Active

Summary

Price $4,853,333	Built/Renov 2003	Tenant Nest Schools
Cap Rate 6.12%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 10,400	Lease Start 07-01-2023	#Units
Price/SF $466.67	Expiration 07-31-2038	Tenant Type Daycare/Education
NOI $297,024	R. Term 13.8	Ownership Fee Simple
Rent/SF $28.56	Increases 2.0%/1/yrs	Pop 5Mi 236,364
Lot/AC 0.99	Options 0/0yrs	AHHI 5Mi $125,243

Max Freedman

Sands Investment Group

Contact

Lease Highlights

Nest Schools has 13+ years remaining on the current lease term with no options to extend
The lease features 2% annual rental increases throughout the initial term
Absolute NNN lease | Zero landlord responsibilities
Corporate lease signator and very strong personal guarantees from the Founders of Nest

Location Description

The Nest Schools is strategically located along South Himalaya Street, with 22,017 vehicles passing by daily. The property is surrounded by well-known national tenants, including McDonald’s, Walmart, The Home Depot, and more. Nearby feeder elementary schools include Sagebrush, Meadow Point, Heritage, Timberline, Rolling Hills, and many others. The 5-mile trade area supports a population of...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Personal guarantee

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Links

The Nest Schools Wikipedia Centennial, Colorado Zip Code 80015 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Nest Schools
Guarantor:Corporate
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

Max Freedman

Sands Investment Group

Contact

60 Listings
4236 Views
8 Sold

Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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