Corporate Guaranty from Top 10 Operator in the Country (110+ Locations)
– Endeavor Schools currently operates over 110 locations across fourteen states.
– Ricardo Campo founded Endeavor Schools in 2012, and the company has grown significantly in size and stature since then.
– Endeavor Schools reached the 100-school milestone via targeted operating company acquisitions such as Turtle River Montessori in Jupiter, Florida.
New 20-Year Lease with 3.50% Annual Rental Increases
– Following five years of successfully operating the school, the tenant executed a new 20-year lease commencing in 2026.
– The lease features 3.50% annual rent increases, providing a strong hedge against inflation.
– The tenant has three successive options to extend the lease for ten year periods.
Located in the Highly Affluent Westminster, CO Market (Denver MSA)
– The subject property is located in an area with an average household income exceeding $142,000 within a 2-mile radius.
– The median home value exceeds $682,000 within a 2-mile radius of the subject property.
– Westminster’s strategic location between Denver and Boulder provides residents with access to two of Colorado’s largest employment centers, supporting a highly educated workforce and strong long-term demand for childcare services.
Absolute Net Lease with Modest Rental Rate
– The tenant is paying only $24.43 PSF, which is a low rental rate compared to childcare properties of similar caliber.
– The tenant shall pay all costs, expenses, fees and charges incurred in connection with the use or occupancy of the leased property.
17 Feeder Schools are Located Within a 3-Mile Radius
– There are approximately 9 middle schools and 8 high schools within a 3-mile radius of the subject property.
– The demand for childcare remains extremely strong, with the U.S. childcare market expected to grow at a compound annual growth rate (CAGR) of 4.18% between 2023 and 2030.
– The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to work in offices, the rising number of single & working mothers and the accessibility of government funding.
