The Nest Schools 600 N State St 9,909 SF Retail Building Westerville, OH 43082 $4,936,853 CAD ($498.22 CAD/SF) 7.10% Cap Rate

INVESTMENT HIGHLIGHTS

  • The Nest Schools is Corporately Operated and Currently Has 50 Schools Open Nationally With Plans to Open Over 200 Schools
  • Over 197,540 People Within a 5-Mile Radius of This Location With an Average Household Income That Exceeds $125,854
  • ~17 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities and 2% Annual Increases
  • The Founders Have 30+ Years of Experience and Previously Operated a Best-in-Class Early Education Platform in the Northeast
  • Corporate Lease Signator and Very Strong Personal Guarantees From the Founders of Nest
  • Consumer Spending Exceeds $175 Million Annually on Education and Day Care Within a 5-Mile Radius of This Location

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Present Exclusively For Sale the 9,740 SF Nest School Located at 600 N State Street in Westerville, OH. This Deal Includes ~17 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities and 2% Annual Increases, Providing For a Unique Investment.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker – Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,909 SF
Building Class
B
Year Built/Renovated
2007/2023
Price
$4,936,853 CAD
Price Per SF
$498.22 CAD
Cap Rate
7.10%
NOI
$350,517 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.35 AC
Zoning
C - Commercial
Parking
80 Spaces (8.07 Spaces per 1,000 SF Leased)
Frontage
439’ on N State St

AMENITIES

  • Pylon Sign
  • Signage
Bike Score®
Very Bikeable (72)

NEARBY MAJOR RETAILERS

Starbucks
Redline Athletics
Sunny Street Cafe
Noodles & Company
Giant Eagle
Huntington Bank
IHOP
Bob Evans Restaurants
Fifth Third Bank
Aqua-Tots Swim Schools

PROPERTY TAXES

  • Listing ID: 31886490

  • Date on Market: 2024-02-08

  • Last Updated:

  • Address: 600 N State St, Westerville, OH 43082