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Child Care

Sagemont School

2585 Glades Cir, Weston, FL 33327

Listing Price: $15,500,000

Cap Rate
6.00%
Tenant Name
Spring Education Group
Gross SF
51,143
Guarantor
Corporate Guarantee
Rentable SF
51,143
Price/Gross SF
$303.07
Lease Type
Absolute Net
Rent Per Square Feet
$18.18

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sagemont Upper School, located in Weston, FL. The property consists of approximately 51,143 square-feet and is situated on roughly a 5.50-acre parcel. The property will be subject to a 20-year absolute triple net (NNN) lease, Corporately Guaranteed by Spring Education Group. The lease will commence upon the close of escrow. The base rent will be $930,000 and will increase by one and a half percent (1.50%) annually starting Year 2, throughout the base termand each of the four, five-year tenant renewal option periods.

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group
  • Attractive 1.50% Annual Rental Increases Starting in Year Two
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $15,500,000

Cap Rate
6.00%
Tenant Name
Spring Education Group
Gross SF
51,143
Guarantor
Corporate Guarantee
Rentable SF
51,143
Price/Gross SF
$303.07
Lease Type
Absolute Net
Rent Per Square Feet
$18.18

Investment Highlights

  • Brand New 20-Year Sale Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group
  • Attractive 1.50% Annual Rental Increases Starting in Year Two
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sagemont Upper School, located in Weston, FL. The property consists of approximately 51,143 square-feet and is situated on roughly a 5.50-acre parcel. The property will be subject to a 20-year absolute triple net (NNN) lease, Corporately Guaranteed by Spring Education Group. The lease will commence upon the close of escrow. The base rent will be $930,000 and will increase by one and a half percent (1.50%) annually starting Year 2, throughout the base termand each of the four, five-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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