The Goddard School - Newtown, PA
ABS NNN | Future Expansion | 30-Year Operating History
Marketing description
Sands Investment Group is Pleased to Exclusively Offer For Sale the Goddard School in Newtown, Pennsylvania. The Accredited School is an Original Goddard School That Has Been in Operation For 30 Years – the School Has Received Numerous Accolades Including the Goddard Circle of Excellence Award. With Median Household Income in Excess of $135,000 Annually and a Very Dense Population of Pre-k School Aged Children, the School Runs at Maximum Capacity, Allowing For Regular Annual Tuition Increases That Exceed Inflation. The Strong Financial Performance of the School Means the Tenant can Easily Afford the Rent With a Historic 3x Rent Coverage For Multiple Years. The Over-Sized 2.18- Acre Lot Means the School Can Be Expanded on this Site, Ensuring the Tenant Will Be Able to Meet Early Education Demand For Years to Come. At the Close of Escrow, the Tenant Will Be Entering Into a New Fifteen-Year Absolute Net Lease With 2% Annual Rent Bumps Providing For a Very Secure Investment. The Going-In 6.75% Yield Increases to 7.31% By Year 5 Thanks to the Attractive 2% Annual Rent Increases.
Investment highlights
30-Year Operating History - Goddard Systems Corporate Originally Opened the School Before Transferring it to an Owner Operator Franchisee
Very Strong Unit Level Tuition Rates and Profitability - Contact the Listing Broker For Details
High Full-Time Enrollment, Which Allows For Regular Annual Tuition Increases
Exceptional Demographics For Early Education: Median Household Income Exceeds $135,000 Annually in the Immediate Trade Area; Population Exceeds 130,000 People in a 5-Mile Radius; Approximately 35,000 Kids Under Age 5 Within a 10-Mile Radius
Seller Has Plans to Expand the School By Approximately 2,000 to 3,000 Sq.Ft., Adding 2 or 3 Classrooms (and Additional Rental Income), Which Would Increase Capacity to 150+ Students, Bringing it Inline With Goddard School's Prototypical School Size
Award-Winning Accredited School, Recognized By Goddard Systems With the Circle of Excellence Award; The School is Accredited With National Association For the Education of Young Children (NAEYC)
Keystone STARS 4 (Highest Level) Program - The Keystone Program is an Initiative of the Pennsylvania Office of Child Development and Early Learning (OCDEL) to Improve, Support and Recognize the Continuous Quality Improvement Efforts of Early Learning Programs
The Goddard School Falls Within the Council Rock School District, Which Includes 10 Public Elementary Schools in 5 Municipalities With Over 5,000 Elementary School Students; Including Private Schools, There Are Over 10 Feeder Elementary Schools Within 5 Miles of The Goddard School
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