The Nest Schools | 600 N State St
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The Nest Schools 600 N State St
9,909 SF Retail Building Westerville, OH 43082 $3,450,704 ($348/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
$3,450,704
Price Per SF
$348
Cap Rate
7.10%
NOI
$245,000
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 FT 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 | $611,170 |
| Land Assessment | $141,330 | Total Assessment | $752,500 |
PROPERTY TAXES
Parcel Number
317-334-03-005-000
Land Assessment
$141,330
Improvements Assessment
$611,170
Total Assessment
$752,500
Contacts
-
Andrew Gilbert -
Chris Sands -
Clifton McCrory -
Ryan Sompayrac -
Adam Bridges -
William Steinman -
Sands Investment Group
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The Nest Schools | 600 N State St
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