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Child Care

Sagemont School

1570 Sagemont Way, Weston, FL 33326

Listing Price: $11,250,000

Cap Rate
6.00%
Tenant Name
Spring Education Group
Gross SF
43,493
Guarantor
Corporate Guarantee
Rentable SF
43,493
Price/Gross SF
$258.66
Lease Type
Absolute Net
Rent Per Square Feet
$15.52

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sagemont Lower School, located in Weston, Florida. The property consists of approximately 43,493 square-feet and is situated on roughly a 5.24-acre parcel. The property will be subject to a 20-year absolute triple net lease, Corporately Guaranteed by Spring Education Group. The lease will commence upon the close of escrow. The base rent will be $675,000 and will increase by one and a half percent (1.50%) annually starting Year 2, throughout the base term and each of the four, five-year tenant renewal option periods.

Investment Highlights

  • Attractive 1.50% Annual Rental Increases Starting in Year Two
  • Four Tenant Renewal Periods of Five Years Each
  • Brand New 20-Year Sale Leaseback
  • Triple Net Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $11,250,000

Cap Rate
6.00%
Tenant Name
Spring Education Group
Gross SF
43,493
Guarantor
Corporate Guarantee
Rentable SF
43,493
Price/Gross SF
$258.66
Lease Type
Absolute Net
Rent Per Square Feet
$15.52

Investment Highlights

  • Attractive 1.50% Annual Rental Increases Starting in Year Two
  • Four Tenant Renewal Periods of Five Years Each
  • Brand New 20-Year Sale Leaseback
  • Triple Net Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sagemont Lower School, located in Weston, Florida. The property consists of approximately 43,493 square-feet and is situated on roughly a 5.24-acre parcel. The property will be subject to a 20-year absolute triple net lease, Corporately Guaranteed by Spring Education Group. The lease will commence upon the close of escrow. The base rent will be $675,000 and will increase by one and a half percent (1.50%) annually starting Year 2, throughout the base term and each of the four, five-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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