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
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










PROPERTY TAXES
Parcel Number | 317-334-03-005-000 | Improvements Assessment | $878,477 CAD |
Land Assessment | $203,143 CAD | Total Assessment | $1,081,621 CAD |