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Child Care

T.I.M.E. Community Schools

482 N Garfield Ave, Montebello, CA 90640

Listing Price: $7,429,565

Cap Rate
5.75%
Tenant Name
T.I.M.E. Community Schools
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
23,595
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.11

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed charter High School operated by T.I.M.E. Community Schools (TCS) in the city of Montebello, CA. The property was renovated to suit TCS which has signed a new five year absolute NNN fee simple lease with one (1) five year renewal option. The lease features rare three percent annual increases throughout the term and option period. The property was renovated to suit TCS which occupies 23,595 square feet of newly constructed improvements situated upon 1.04 acres of land. Located at the signalized hard corner of North Garfield Avenue and North Hay Street the property has excellent visibility and access along Garfield. The school has great amenities nearby for students with adjacency to the playground next to Ashiya Park. Montebello, California is considered part of the Gateway Cities of Los Angeles County. In a Five-Mile radius the property benefits from over 736,000 people with and average household income of $77,882. T.I.M.E. Community School (TCS) will provide a college preparatory program to students in grades nine through twelve, and will develop the academic, social, and political skill sets necessary for lifelong learning, critical thinking, and positive contributions to the communities in which students live.

Investment Highlights

  • Newly Renovated SoCal Charter High School – T.I.M.E Community Schools (TCS)
  • New Five Year Lease – Corporate Guaranteed - Absolute NNN Fee Simple Ownership
  • Excellent Tax Shelter with Over 23,000 Square Feet of Improvements and 400' Frontage on Garfield Avenue
  • In California, traditional district schools and charter public schools like TCS are funded under the Local Control Funding Formula (LCFF) which allocates state and local tax dollars to public education agencies based on the number of pupils in each grade level
  • Signalized Hard Corner Location on Approximately 1.04 Acres of Land
  • Zoning on the parcel is MNR3* Allows For Future Residential Development
  • Excellent Hedge Against Inflation - Rare Three Percent Annual Increases

Exclusively Listed By

Financing By

Child Care

T.I.M.E. Community Schools

Listing Price: $7,429,565

Cap Rate
5.75%
Tenant Name
T.I.M.E. Community Schools
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
23,595
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.11

Investment Highlights

  • Newly Renovated SoCal Charter High School – T.I.M.E Community Schools (TCS)
  • New Five Year Lease – Corporate Guaranteed - Absolute NNN Fee Simple Ownership
  • Excellent Tax Shelter with Over 23,000 Square Feet of Improvements and 400' Frontage on Garfield Avenue
  • In California, traditional district schools and charter public schools like TCS are funded under the Local Control Funding Formula (LCFF) which allocates state and local tax dollars to public education agencies based on the number of pupils in each grade level
  • Signalized Hard Corner Location on Approximately 1.04 Acres of Land
  • Zoning on the parcel is MNR3* Allows For Future Residential Development
  • Excellent Hedge Against Inflation - Rare Three Percent Annual Increases

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed charter High School operated by T.I.M.E. Community Schools (TCS) in the city of Montebello, CA. The property was renovated to suit TCS which has signed a new five year absolute NNN fee simple lease with one (1) five year renewal option. The lease features rare three percent annual increases throughout the term and option period. The property was renovated to suit TCS which occupies 23,595 square feet of newly constructed improvements situated upon 1.04 acres of land. Located at the signalized hard corner of North Garfield Avenue and North Hay Street the property has excellent visibility and access along Garfield. The school has great amenities nearby for students with adjacency to the playground next to Ashiya Park. Montebello, California is considered part of the Gateway Cities of Los Angeles County. In a Five-Mile radius the property benefits from over 736,000 people with and average household income of $77,882. T.I.M.E. Community School (TCS) will provide a college preparatory program to students in grades nine through twelve, and will develop the academic, social, and political skill sets necessary for lifelong learning, critical thinking, and positive contributions to the communities in which students live.

Exclusively Listed By

Financing By

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