The Gardner School
SUCCESSFUL & GROWING EARLY EDUCATION CONCEPT | PERSONAL GUARANTY FROM COMPANY FOUNDER & CEO
The Gardner School (TGS), is an academically focused private early education network of schools that focus on children ages 6 weeks to 5 years old. The company has grown to twenty (20) locations and approximately 1,000 employees in 7 states since its founding in 2004, with another location coming soon in Illinois. The subject property is backed by a personal guaranty from the Founder & CEO of The Gardner Schools.
LONG TERM COMMITMENT | 5% INCREASES | EXTREMELY PASSIVE NNN LEASE STRUCTURE
The subject property features a triple net lease with zero landlord responsibilities, ideal for both local and out-of-area investors. The tenant signed a twenty (20) year lease, which commenced in May of 2008 and has approximately eight (8) years of term remaining, with four (4), five (5) year options to extend. The lease features 5% rental increases every four (4) years during the initial term and 7.5% rental increases at each 5-year option period, providing income growth and a hedge against inflation.
STRONG UNIT-LEVEL PERFORMANCE
The Gardner School’s 2019 revenues totaled $2,472,384 or $258 PSF at the subject property, validating the stability of the trade area and the demand for its education services.
ATTRACTIVE DUBLIN LOCATION W/ EASY ACCESS | MAJOR EMPLOYMENT HUB
The Gardner School is strategically positioned in the trade area with easy accessibility from I-270 (102,576 VPD), via Emerald Parkway (21,230 VPD) at Tuttle Crossing Blvd. The subject property is centrally located in the business park/retail corridor of western Dublin with nearby major employers including Univar Solutions, IGS, LSP Technologies, Ohio Center for Pediatrics (located next door), Aerotek, Careworks Tech, Apex Systems, and The Mall at Tuttle Crossing.
COLUMBUS MSA LOCATION | HIGHLY AFFLUENT DEMOGRAPHICS
This location also benefits from its ability to draw additional students from the broader Columbus MSA which includes 2.4 million people, 15 Fortune 100 company headquarters, and a favorable business client with no corporate tax. Within 5 miles of the subject property, there are 180,727 people, 72,852 households, with an average household income of $125,352.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.