1100 35Th StMarion, IA 52302

For Sale
$3,281,120

9,381 SF, 20-Year NNN Lease, 7.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
Exceptional investment opportunity: a brand-new, 9,381-square-foot, single-story Montessori school in Marion, Iowa. This property boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Higher Ground Education (HGE), a financially sound operator with a highly experienced executive team. The tenant, Guidepost Montessori, is the largest Montessori school operator in the U.S., currently operating over 100 locations nationwide. This location features 100% occupancy and a robust 7.15% capitalization rate, generating a net operating income (NOI) of $230,207. The lease includes a 2% annual rental increase, ensuring consistent income growth. The asking price is $3,281,120, translating to $349.76 per square foot and representing a compelling price-per-unit given the long-term lease and strong tenant. Situated on a 1.32-acre lot at 1100 35th St, Marion, IA 52302, this property offers a secure and high-yield investment opportunity in a thriving market. Guidepost's enrollment has more than doubled since the COVID-19 pandemic, demonstrating significant market demand and the school's resilience. This is a rare chance to acquire a stable, high-performing asset with substantial long-term growth potential.

Highlights

  • Brand-new 20-year corporate net lease with 2% annual rental increases.
  • Lease guaranteed by financially strong Higher Ground Education (HGE), an experienced corporate school operator.
  • Guidepost Montessori, the largest U.S. Montessori school operator, with 100+ national locations and significant growth.
  • Guidepost's enrollment doubled since the COVID-19 pandemic.

Property Details for 1100 35Th St

Property type
Other specialty properties, Schools
Square Feet
9,381 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
57,499 SF
Units
1

Location Insight

City
Marion
County
Linn
State
Iowa
Latitude
42.0373842
Longitude
-91.5742388
1100 35Th St, Marion, Iowa

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1100 35Th St
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