THE NEST SCHOOLS – BRECKSVILLE, OH (CLEVELAND MSA)

HIGHLIGHTS:

• The Nest Schools (36+ Locations) – Top 20 Corporate Operator
  The Nest Schools is one of the Top 20 Corporate Child Care Companies in the country. At The Nest, we require all our teachers to have the highest quality education to promote, teach, and support each child’s educational development. We believe in this so much that we have formed The Nest University, an unparalleled training and professional development program for our staff of all levels. The Nest Schools currently operates 36+ locations across five states.
• 18+ Years Remaining on an Absolute Net Lease
  The Nest Schools signed a new 20-year lease at the subject property back in 2022. In addition to the 20-year base lease term, the tenant has two, ten-year options to renew. The lease is absolute net, with zero landlord responsibilities and calls for 2.00% increases in rent annually.
• Located in Cleveland, Ohio MSA
  Home to the Rock and Roll Hall of Fame and Cleveland Clinic, the Cleveland metro is situated in the northeastern corner of Ohio, west of the Pennsylvania state border, and extends 100 miles along the Lake Erie shore and more than 40 miles inland. It is composed of Cuyahoga, Geauga, Lake, Lorain and Medina counties, and it contains roughly 2.1 million residents – approximately a fifth of the Ohio population. Cleveland is recognized as a global leader in health care and medical services. The world-renowned Cleveland Clinic is one of the area’s largest employers.
• Demand for Child Care Remains Extremely Strong
  The early education and daycare segment dominated the U.S. child care market and accounted for the largest revenue share in 2019. This is owing to an increasing number of daycare and early education centers in the country. The demand for early education is growing rapidly as around 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten respectively in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers; and an in-crease in the number of women employment.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Vice President Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

OHIO BOR
Michael Glass
Lic #BRK.2007005898