Guidepost Montessori

1011 Dry Creek Drive, Longmont, CO

$6,407,000

Price

6.5%

Cap Rate

$416,434

NOI

Overview
Cap Rate
6.5%
NOI
$416,434
Building Size
11,375 sqft
Lot Area
1.19 acres
Lease Type
Double Net
Tenancy
Single
Parking Spots
35
Description

CAPITAL PACIFIC is pleased to present the opportunity to acquire Guidepost Montessori in Longmont, CO, an internet resistant, corporate net lease investment in the affluent Denver MSA. The lease features a 20-year term with 2% rent increases annually and is guaranteed by Guidepost’s parent company, Higher Ground Education (HGE), a preeminent corporate school operator with significant financial backing and a market value over $100 Million. The subject property is an existing school site that has been substantially renovated and improved by the current Landlord and is leased to the largest corporate Montessori school operator in the U.S., with 57 locations nationally.

THE PROPERTY is located in Longmont, CO, a suburb 15 miles north of Boulder and 35 miles from Denver. Over the past decade the city has experienced substantial population and wage growth, and recent zoning changes were made to continue supporting that growth and urbanization. Over the next 15 years, the city’s population is expected to grow by 30%, much of which will be concentrated on the existing commercial and residential hubs, which greatly benefits this property.

IN CONJUNCTION WITH CO LICENSED BROKER:
David Leuthold
Leuthold Commercial Properties
303.871.9000

Highlights
  • Brand new 20-year corporate NN lease in the Denver MSA
  • Leased to largest Montessori school operator in the U.S.
  • Corporate guarantee and 2% rental increases annually
  • Extremely affluent trade area -- average HH incomes of $189,055
  • Ideal school site in Longmont’s commercial/retail epicenter
  • Longmont was recently recognized as the fastest growing “boomtown” in the U.S., according to CNBC
Documents

Location
Gallery