For Sale
$6,659,143

2855 Haggerty Rd Commerce Charter Township, MI 48390

11,480 SF, 100% Occupied School

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple, single-tenant, 11,480-square-foot school building located at 2855 Haggerty Rd, Commerce Charter Township, MI 48390. The property, currently 100% occupied as of September 29, 2023, boasts a brand-new construction completed in 2024 and features a single-story building. The property is ideally suited for a 1031 exchange buyer seeking a long-term, stable investment. The asking price is $6,659,143, translating to $580.06 per square foot. The tenant, Guidepost Montessori at Walled Lake, operates under a 20-year triple-net (NNN) lease with minimal landlord responsibilities. This lease includes a significant advantage: 2% annual rental increases, providing consistent and predictable income growth. Further strengthening the investment, the lease is fully guaranteed by Higher Ground Education, Guidepost Montessori's parent company. The property benefits from its location in a high-income area, with average household incomes exceeding $137,000 within a 3-mile radius and a population exceeding 159,000 within a 5-mile radius. This strong demographic profile, coupled with its convenient location in a major commuter corridor, ensures a robust and stable tenant base. Guidepost Montessori is the largest corporate Montessori school operator in the United States, providing further assurance of the tenant's financial strength and operational expertise.

Highlights

  • Guidepost Montessori, the nation's largest corporate Montessori school operator, occupies the space.
  • 20-year, triple-net (NNN) lease with 2% annual rent increases.
  • Brand new construction.
  • Higher Ground Education (operator) has doubled in size annually since 2016.
  • $137,000+ average household income within a 3-mile radius.
  • Over 159,000 residents within a 5-mile radius.

Property Details for 2855 Haggerty Rd

Property type
Specialty properties, Schools
Square Feet
11,480 SF
Year Renovated
2024
Buildings
1
Stories
1

Location Insight

City
Commerce Charter Township
County
Oakland
State
Michigan
Latitude
42.564365
Longitude
-83.440442

FAQs

What type of property is this?
Specialty property - 11,480 SF, 100% Occupied School
Where is the specialty property located?
The property is located at 2855 Haggerty Rd Commerce Charter Township, MI.
What is the asking price?
The asking price for this property is $6,659,143.
What are key features of this property?
This property features: Guidepost Montessori, the nation's largest corporate Montessori school operator, occupies the space.; 20-year, triple-net (NNN) lease with 2% annual rent increases.; Brand new construction.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2855 Haggerty Rd
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