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Child Care

Goddard School | 100% Occupancy, 3% Increases | Infill Baltimore

1000 S Highland Ave, Baltimore, MD 21224

Listing Price: $7,200,183

Cap Rate
5.75%
Tenant Name
Goddard System Inc & Triple C Enterprises
Years Remaining On Lease
12.3
Guarantor
Franchisee Guarantee
Rentable SF
12,700
Lease Type
Double Net
Rent Per Square Feet
$32.60

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Goddard School & Manzo Development Sale-Leaseback in Canton, Baltimore. The site consists of roughly 12,700 rentable square feet of building space on estimated 0.33-acre parcel of land. Goddard has signed a new 15-Year NN Lease and Manzo Development will sign a 3-Year NN lease at close of escrow. This property sits on an irreplaceable corner with rare, full drive-around access and extremely high foot traffic and exposure to young, affluent demographics. This is a generation opportunity to acquire an oversized parcel in a booming, rapidly developing Baltimore sub-market.

Investment Highlights

  • Beautifully Redeveloped Building in Heart of Canton, Baltimore | New Roof & HVAC
  • New NN Lease With 3% Annual Increases
  • 2nd Floor Creative Office Space Sale-Leaseback to Manzo Development
  • Successful Track Record of Baltimore Developments Since 1980's
  • 100% Occupied, Stabilized Asset in Vibrant Submarket Next to World-Class Developments & Amenities | Irreplaceable Corner & Oversized Parcel

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s) MD: 646476

    Maryland

Child Care

Goddard School | 100% Occupancy, 3% Increases | Infill Baltimore

Listing Price: $7,200,183

Cap Rate
5.75%
Tenant Name
Goddard System Inc & Triple C Enterprises
Years Remaining On Lease
12.3
Guarantor
Franchisee Guarantee
Rentable SF
12,700
Lease Type
Double Net
Rent Per Square Feet
$32.60

Investment Highlights

  • Beautifully Redeveloped Building in Heart of Canton, Baltimore | New Roof & HVAC
  • New NN Lease With 3% Annual Increases
  • 2nd Floor Creative Office Space Sale-Leaseback to Manzo Development
  • Successful Track Record of Baltimore Developments Since 1980's
  • 100% Occupied, Stabilized Asset in Vibrant Submarket Next to World-Class Developments & Amenities | Irreplaceable Corner & Oversized Parcel

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Goddard School & Manzo Development Sale-Leaseback in Canton, Baltimore. The site consists of roughly 12,700 rentable square feet of building space on estimated 0.33-acre parcel of land. Goddard has signed a new 15-Year NN Lease and Manzo Development will sign a 3-Year NN lease at close of escrow. This property sits on an irreplaceable corner with rare, full drive-around access and extremely high foot traffic and exposure to young, affluent demographics. This is a generation opportunity to acquire an oversized parcel in a booming, rapidly developing Baltimore sub-market.

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s): MD: 646476

    Maryland

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