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840 Dempsey Rd - Nest School (840 Dempsey Rd)

7,436 SF Speciality Building Offered at £1,983,676 at a 7.10% Net Initial Yield in Westerville, OH 43081

Investment Highlights

  • The Nest Schools is Corporately Operated and Currently Has 50 Schools Open Nationally With Plans to Open Over 200 Schools
  • Over 239,118 People Within a 5-Mile Radius of This Location With an Average Household Income That Exceeds $110,629
  • ~17 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities and 2% Annual Increases
  • The Founders Have 30+ Years of Experience and Previously Operated a Best-In-Class Early Education Platform in the Northeast
  • Corporate Lease Signator and Very Strong Personal Guarantees From the Founders of Nest
  • Consumer Spending Exceeds $194 Million Annually on Education and Day Care Within a 5-Mile Radius of This Location

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 7,436 SF Nest School Located at 840 Dempsey Road in Westerville, OH. This Deal Includes Corporate Lease Signator and Very Strong Personal Guarantees From the Founders of Nest, Providing For a Unique Investment. 

In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

Property Facts

Price £1,983,676 Building Class B
Price Per SF £267 Lot Size 1.23 AC
Sale Type Investment Building Size 7,436 SF
Net Initial Yield 7.10% Number of Floors 1
Property Type Speciality Year Built/Renovated 1984/2010
Property Subtype
Schools
  • Specialty Parking Lot
  • Specialty Landfill
 Parking Ratio 2.42/1,000 SF
Price £1,983,676
Price Per SF £267
Sale Type Investment
Net Initial Yield 7.10%
Property Type Speciality
Property Subtype
Schools
  • Specialty Parking Lot
  • Specialty Landfill
Building Class B
Lot Size 1.23 AC
Building Size 7,436 SF
Number of Floors 1
Year Built/Renovated 1984/2010
Parking Ratio 2.42/1,000 SF

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PROPERTY TAXES

Parcel Number 080-007295 Improvements Assessment £207,146
Land Assessment £88,210 Total Assessment £295,355

PROPERTY TAXES

Parcel Number
080-007295
Land Assessment
£88,210
Improvements Assessment
£207,146
Total Assessment
£295,355

zoning

Zoning Code Commercial (Commercial)
Commercial (Commercial)
(678) 365-5168

Contacts

  • Listing ID: 31817813

  • Date on Market: 16/05/2024

  • Last Updated:

  • Address: 840 Dempsey Rd, Westerville, OH 43081

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© 2024 CoStar Group

840 Dempsey Rd - Nest School (840 Dempsey Rd)
(678) 365-5168 x

840 Dempsey Rd - Nest School (840 Dempsey Rd)

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Andrew Gilbert

(678) 365-5168

(678) 365-5168

Chris Sands

(310) 870-3282

(310) 870-3282

Clifton McCrory

(540) 255-5496

(540) 255-5496

Ryan Sompayrac

(843) 310-3441

(843) 310-3441

Adam Bridges

(843) 405-9391

(843) 405-9391

William Steinman

(854) 203-0378

(854) 203-0378

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