6050 Park Square DrLorain, OH 44053
7,490 SF Daycare, 7% Cap Rate, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- 7,490 SF daycare center in Lorain, OH, under a corporate-guaranteed, absolute NNN lease with The Nest Schools.
- 16.4 years remaining on the lease (expiring March 31, 2041), with 2% annual rent increases.
- Strong tenant: The Nest Schools, a rapidly expanding national chain with 50+ locations and plans for significant future growth, backed by Rockbridge Growth Equity.
- Excellent location near major retailers (Lowe's, Target) in a densely populated area with average household income exceeding $112,000 within one mile.
- $2,571,429 asking price, representing a 7.00% cap rate and $343.31/SF.
Property Details for 6050 Park Square Dr
- Property type
- Day care centers & nurseries, Other retail properties
- Square Feet
- 7,490 SF
- Year Built
- 2007
- Buildings
- 1
- Lot Size (sq. ft)
- 47,916 SF
Location Insight
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Latitude
- 41.4159646
- Longitude
- -82.2374403
Nearby Similar for Sale
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