1100 35th St Marion, IA 52302-1710
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.