6050 Park Sq - Day Care Center FOR SALE


Lorain, OH 44053
$2,571,429 USD
415-610-8970
6050 Park Sq, Lorain, OH for Sale
$2,571,429 USD
Day Care Center - FOR SALE
1/5
null | 7% Cap Rate

6050 Park Sq
Lorain, OH 44053


HIGHLIGHTS

  • The Nest Schools operates 50+ locations, with plans for 200+
  • Rockbridge Growth Equity invested in 2022, managing $1.2B+ in assets
  • 16+ years left on NNN lease with 2% annual increases
  • Avg. income $112k+, growing 14% by 2028
  • 1 mile from Lake Erie, near $100M+ in education spending
  • Close to residential areas, Lowe's, and Target

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,571,429 USD

PRICE/SF

$354 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Nest Schools (Cleveland, OH MSA)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

05-00-020-000-071

ASK ABOUT THIS PROPERTY

Milo SpectorNorthmarqMore Info
415-610-8970

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Milo SpectorNorthmarqMore Info
415-610-8970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.