The Nest Schools (Cleveland, OH MSA) | 6050 Park Sq
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Nest Schools (Cleveland, OH MSA) 6050 Park Sq
7,272 SF Retail Building Lorain, OH 44053 $3,612,035 CAD ($497 CAD/SF) 7% 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 16 Years Remaining on an Absolute NNN Lease with No Landlord Responsibilities & 2% Annual Increases
- Outstanding Average HH Income of $112k+ in a 1-Mile Radius is Expected to Rise over 14% by '28
- Rockbridge Growth Equity Invested in The Nest Schools in 2022 to Accelerate Growth and Create Long-Term, Sustainable Value
- Corporate Lease Signator & Very Strong Personal Guaranties from the Founders of Nest (Contact Broker for More Info)
- The Property is About 1 Mile from Lake Erie
Executive Summary
Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "The Nest Schools" in Lorain, Ohio. There are over 16 years remaining on a corporate, absolute NNN lease with 2% annual rental increases and extraordinarily strong personal guaranties from the founders of Nest. The Nest Schools are corporately operated and have 50+ locations currently open with plans to grow to over 200 locations. The property is conveniently found next to a retail hub, which has large national tenants that include Lowe's Home Improvement and Target, and that serves as the main neighborhood market for hundreds of surrounding homes. This, along with there being five elementary schools within a 5-mile radius, makes this property perfectly located to meet the community’s education/childcare needs. The area boasts an excellent average household income of $112k+ within a 1-mile radius and population counts are 73k+ within a 5-mile radius of the property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
7,272 SF
Building Class
B
Year Built
2007
Price
$3,612,035 CAD
Price Per SF
$497 CAD
Cap Rate
7%
NOI
$252,842 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
1.10 AC
Parking
15 Spaces (1.95 Spaces per 1,000 SF Leased)
Frontage
121 ft on Park Sq
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 05-00-020-000-071 | Improvements Assessment | $912,604 CAD |
| Land Assessment | $70,674 CAD | Total Assessment | $983,276 CAD |
PROPERTY TAXES
Parcel Number
05-00-020-000-071
Land Assessment
$70,674 CAD
Improvements Assessment
$912,604 CAD
Total Assessment
$983,276 CAD
-
Power Broker Milo Spector -
Remmington Penn -
Jeff McKinney -
Northmarq
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The Nest Schools (Cleveland, OH MSA) | 6050 Park Sq
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.