1100 35th St Marion, IA 52302-1710
- Day care centers
- 9,381 SF
- 1.32 lot acres
Jan 14, 2025
Current Use by Public Records
- Day care centers
Property Details for 1100 35th St
- Year built
- 1988
- Lot size
- 1.32 lot acres
- Property size
- 9,381 SF
- Property type
- Day care centers
- APN
- 10-32-3-79-004-0-0000
- APU
- 103237900400000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5742
- Latitude
- 42.0376
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
