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Guidepost Montessori

Plainsboro, New Jersey

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About the Investment:

✓ Brand New 20-Year Net Lease with the Largest Private Montessori School Operator in the Country – 90 Locations, Including 8 International Locations
✓ Corporate Guarantee From Guidepost’s Parent Company – Higher Ground Education Inc
✓ $250M 2021 Company Valuation
✓ Enrollments up 90% Since Pre-Covid
✓ Tenant is Currently Remodeling/Rebranding the Site and Committing $1.5M in Interior and Exterior Improvements
✓ 2.00% Annual Increases
✓ Tenant Plans to Operate 500+ Locations by 2026
✓ Tenant Paid Full Rent at ALL Locations Throughout Covid – Demonstrating Strength of Balance Sheet

About the Location:

✓ Compelling Location Fundamentals | Over 2,350 Apartment Units Within a One-Mile Radius
✓ 50 Miles to Manhattan
✓ Average Income Exceeds $156,000 in a Three-Mile Radius
✓ Princeton University | Located Five Miles Away | World Renowned Ivy League University
✓ Excellent Daycare Demographics | More than 129,700 Individuals Within a Five-Mile Radius
✓ Heavily Trafficked Area | U.S. Highway 1 & Plainsboro Road | 114,900 & 23,000 Vehicles per Day, Respectively
✓ Immediate Access to Healthcare | Princeton Hospital | Three Miles Away | 319 Staffed Beds

Key Details

Price:
$8,333,333
Cap Rate:
6.00%
Annual Rent:
$500,000
Address:
666 Plainsboro Road, Plainsboro, New Jersey 08536
Lease Type:
Modified Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
COE
Lease Expiration:
20 Years from C0E
Lease Term Remaining:
20 Years
Lot Size:
1.1 Acres
Building Size:
11,012 SF
Tenant:
Guidepost Montessori

Broker of record

Brian Hosey

License: 1434917


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