The Nest Schools
12,214 SF | 100% Leased | Retail Building | San Antonio, TX 78250 | $6,878,474 ($563/SF) | 6.75% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,878,474
- Property Type
-
Retail
- Square Feet
- 12,214 SF
- Price / Square Foot
- $563
Listing Contacts
Milo Spector
Verified Profile
Remmington Penn
Verified Profile
Jim Gibson
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "The Nest Schools" in San Antonio, Texas. There are approximately 14 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. This location has undergone extensive tenant improvements of around $3 Million, which included a brand new 7,800+ Sq Ft expansion building and playground.
Property Details
- Class
- B
- Year Built/Renovated
- 2007/2024
- Stories
- 1
- Lot Size (sq. ft)
- 114,127 SF
Highlights
- Corporately Operated
- Over $3 Million in Tenant Improvements Completed
- Rockbridge Growth Equity Invested in The Nest Schools in 2022 to Accelerate Growth and Create Long-Term, Sustainable Value
- Approximately 14 Years Remaining on an Absolute NNN Lease with No Landlord Responsibilities & 2% Annual Increases
- Corporate Lease Signator & Very Strong Personal Guaranties from the Founders of Nest
- Located in an Income Tax-Free State
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