Overview

Description

A corporate absolute net Guidepost Montessori with over 19 years remaining in the base term and 2% annual rental increases. The subject property is located just 2 miles outside of Downtown Portland and benefits from the nearby office parks and retail corridors.

SCOTT REID
PARASELL, INC.
scott@parasellinc.com
PH: 949.942.6585
OR LIC# 201233666

In Association with ParaSell, Inc.
P: 949.942.6585
A Licensed Oregon Broker
#201233666

Highlights

• 19+ years remaining on absolute net lease with 2% annual rental increases
• Lease guaranteed by Higher Ground Education (HGE), a corporate school operator with significant financial backing and an executive team with 20+ years of experience on average
• $1B r edevelopment of Lloyd Center approved (located one block away from the subject property), may include a potential baseball stadium
• Extremely high barriers to entry due to zoning and impact fees making this a difficult scenario to replicate having a freestanding school this close to downtown
• Subject property benefits from numerous surrounding office parks and retail corridors which make it an ideal location for parents working in the direct vicinity
• Portland is the largest city in Oregon and the 2nd largest in the Pacific Northwest boasting excellent residential demographics – 428,897 residents and average household incomes of $114,740 within a 5-mile radius of the subject property
• Down the street from Lloyd Center which serves as a major shopping and dining district

Documents

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