Net Leased School
1100 35th Street Marion, IA 52302
1100 35th Street, Marion, IA, 52302
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For Sale
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Brand new 20-year NNN corporate lease with minimal landlord responsibilities and 2% annual rental increases.
Property Size9,381 SF
Price / SF$349.76
Days on Market64
Property Features for 1100 35th Street
General Information
- Standard status
- Active
- Size
- 9,381 SF
- Property subtype
- Retail
Listing agency
CBRE - Des Moines
(515) 415-6103
Listed by
Tyler Dingel · License #IA S56502000
Source
Crexi
Added: May 21 Updated: Jul 22 at 8:33PM Checked: Jul 22 at 8:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
This property is offered as a net-leased school investment featuring a brand new corporate 20-year NNN lease with minimal landlord responsibilities. The lease includes 2% annual rental increases and a full corporate guaranty from Guidepost’s parent company, Higher Ground Education.
The current tenant is Guidepost Montessori, described in the offering materials as the largest Montessori in the United States, with 100+ schools open and additional schools coming soon. The remarks also state that Guidepost paid rent in full for all of their schools throughout the pandemic and reference valuations of $250 million in 2021 and $600 million in 2023.
The property is located at 1100 35th Street in Marion, Iowa 52302.
The current tenant is Guidepost Montessori, described in the offering materials as the largest Montessori in the United States, with 100+ schools open and additional schools coming soon. The remarks also state that Guidepost paid rent in full for all of their schools throughout the pandemic and reference valuations of $250 million in 2021 and $600 million in 2023.
The property is located at 1100 35th Street in Marion, Iowa 52302.
Key Highlights
- Brand new 20‑year NNN corporate lease with minimal landlord responsibilities
- 2% annual rental increases under the 20‑year lease
- Full corporate guaranty provided by Guidepost’s parent company, Higher Ground Education
Property Analytics
Location Intelligence
Current Use by Public Records
Schools
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FAQs
What type of property is this?
NNN property - Brand new 20-year NNN corporate lease with minimal landlord responsibilities and 2% annual rental increases.
Where is this nnn property located?
The property is located at 1100 35th Street Marion, IA.
What is the asking price?
The asking price for this property is $3,281,120.
What are key features of this property?
This property features: Brand new 20‑year NNN corporate lease with minimal landlord responsibilities; 2% annual rental increases under the 20‑year lease; Full corporate guaranty provided by Guidepost’s parent company, Higher Ground Education
