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Child Care

Spring Education 20 Year NNN Sale leaseback

29851 Santiago Rd, Temecula, CA 92592

Listing Price: $8,181,818

Cap Rate
5.50%
Tenant Name
Spring Education Group
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
32,890
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.68

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Spring Education sale-leaseback located in Temecula, California. Van Avery Prep School consists of approximately 32,890 square-feet and approximately 6.22 acres of land. The school 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. Rent will increase by one-and-a-half percent (1.50%) annually starting in year two and continuing throughout the base term and into each of the four, five-year tenant renewal option periods.

Investment Highlights

  • Brand New 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (818) 212-2700

    License(s) CA: 01240999

    California

Financing By

Child Care

Spring Education 20 Year NNN Sale leaseback

Listing Price: $8,181,818

Cap Rate
5.50%
Tenant Name
Spring Education Group
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
32,890
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.68

Investment Highlights

  • Brand New 20-Year Lease
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Spring Education sale-leaseback located in Temecula, California. Van Avery Prep School consists of approximately 32,890 square-feet and approximately 6.22 acres of land. The school 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. Rent will increase by one-and-a-half percent (1.50%) annually starting in year two and continuing throughout the base term and into each of the four, five-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (818) 212-2700

    License(s): CA: 01240999

    California

Financing By

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