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Updated: 04.09.24 Posted: 02.09.24 Status: Sold

Summary

Price $7,500,000
Built/Renov 2023
Tenant Guidepost Montessori
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,500
Lease Start 01-01-2023
#Units 150
Price/SF $714.29
Expiration 08-31-2043
Tenant Type Daycare/Education
NOI $525,000
R. Term 18.2
Ownership Fee Simple
Rent/SF $50.00
Increases 2.0%/1/yrs
Pop 5Mi 303,125
Lot/AC 0.86
Options 4/5yrs/2%
AHHI 5Mi $88,489

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 County Road C, with access to 18,140 vehicles passing by daily. The vicinity boasts prominent national tenants such as Bank of America, Taco Bell, Take 5 Oil Change, ALDI, Walmart, and more. Nearby community establishments include Oasis Twin Lakes with 480 units, Smash Park, Isaac with 127 units, and Rosedale Center, drawing millions of visitors...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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 : 7,820 82,701 317,048
2023 Total Population : 7,653 81,890 311,351
2023 Employed Civilian Pop : 3,755 45,762 174,249
2023 Total Businesses : 970 3,789 12,205
2023 Average Household Income : $ 98,395 $ 116,392 $ 100,732
2023 Total Consumer Spending : $ 280 M $ 3417 M $ 11250 M
2023 Median Age : 39 41 35
2023 Total Households : 3,273 34,230 128,820
2023 Pop Age 25+: Bachelor's Degree : 1,942 19,981 63,484
2023 Average Home Value : $ 387,611 $ 397,699 $ 380,031
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Fairview Ave N Co Rd C W 2018 7,300 0.18 mi
Fairview Ave N Oakcrest Ave 2018 13,200 0.29 mi
Oakcrest Ave Beacon St N 2017 1,050 0.29 mi
Oakcrest Avenue Fairview Ave N 2022 1,943 0.30 mi
Terrace Drive Fairview Ave N 2022 1,750 0.31 mi
Prior Ave 2022 916 0.33 mi
Fairview Ave N Oakcrest Ave 2017 13,800 0.34 mi
Snelling Avenue North Co Rd C2 W 2022 30,500 0.37 mi
Prior Avenue Prior Ave 2022 2,123 0.39 mi
Prior Ave Co Rd C W 2017 1,850 0.39 mi

Listing Broker

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