For Sale
$8,641,000

11 Professional Center PkwySan Rafael, CA 94903

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a freestanding, 7,730-square-foot Guidepost Montessori school in San Rafael, California. The property sits on a 0.91-acre lot at 11 Professional Center Pkwy, 94903, within Marin County's high-barrier-to-entry education market. Boasting a 7.00% cap rate and a substantial net operating income (NOI) of $604,860, this offering presents a compelling return on investment. The property features a brand-new, 20-year corporate net lease (NNN) with Guidepost Montessori, the largest Montessori school operator in the U.S., ensuring financial stability and long-term growth potential. The lease includes a 2% annual rental increase, mitigating inflation risks. The tenant is responsible for all operating expenses, including taxes and insurance, minimizing landlord responsibilities. Currently operating at 100% occupancy with a waiting list, this school benefits from strong enrollments driven by high tuition rates in this affluent area. The average household income within a 5-mile radius exceeds $181,469, indicating a robust and stable demographic. The property underwent renovations in 2022, ensuring modern facilities. This is a rare opportunity to acquire a high-performing, net-leased asset in a prime Marin County location with a strong, nationally recognized tenant. The asking price is $8,641,000.

Highlights

  • Brand-new 20-year corporate net lease with 2% annual rent increases.
  • High occupancy with a waiting list.
  • Triple-net (NNN) lease; tenant pays all operating expenses, including taxes and insurance.
  • Strong enrollment and tuition rates due to high barrier to entry in Marin County.
  • Guidepost Montessori, the nation's largest Montessori operator, offers strong financial backing and growth potential.
  • High-income area with average household income over $181,469 within a 5-mile radius.

Property Details for 11 Professional Center Pkwy

Property type
Day care centers & nurseries, Retail properties
Square Feet
7,730 SF
Year Renovated
2022
Lot Size (sq. ft)
39,640 SF

Location Insight

City
San Rafael
County
Marin
State
California
Latitude
38.009780259603
Longitude
-122.54050894323
11 Professional Center Pkwy, San Rafael, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11 Professional Center Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message