The Nest Schools - Lorain (Cleveland), OH

Northmarq is pleased to exclusively offer for sale a single-tenant early education property operating as "The Nest Schools" in Lorain, Ohio.​ There are over 16 years remaining on a corporate, absolute NNN lease with 2% annual rental increases and extraordinarily strong personal guaranties from the founders of Nest.​ The Nest Schools are corporately operated and have 50+ locations currently open with plans to grow to over 200 locations.​ The property is conveniently found next to a retail hub, which has large national tenants that include Lowe's Home Improvement and Target, and that serves as the main neighborhood market for hundreds of surrounding homes.​ This, along with there being five elementary schools within a 5-mile radius, makes this property perfectly located to meet the community’s education/childcare needs.​ The area boasts an excellent average household income of $112k+ within a 1-mile radius and population counts are 73k+ within a 5-mile radius of the property.​

• The Nest Schools operates 50+ locations, with plans for 200+.

• Rockbridge Growth Equity invested in 2022, managing $1.2B+ in assets.

• 16+ years left on NNN lease with 2% annual increases.

• Avg. income $112k+, growing 14% by 2028.

• 1 mile from Lake Erie, near $100M+ in education spending.

• Close to residential areas, Lowe’s, and Target.

• Feeder school for 5 elementary schools, incl. Powers Elementary.