Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

927 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

The Goddard School - Newtown, PA 119 Pheasant Run 7,872 SF Retail Building Newtown, PA 18940 $7,091,002 CAD ($900.79 CAD/SF) 6.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

30-Year Operating History - Goddard Systems Corporate Originally Opened the School Before Transferring
Exceptional Demographics For Early Education: Median Household Income Exceeds $135,000 Annually in the Immediate Trade Area
Award-Winning Accredited School, Recognized By Goddard Systems With the Circle of Excellence Award; The School is Accredited With National Association

Very Strong Unit Level Tuition Rates and Profitability - Contact the Listing Broker For Details
Seller Has Plans to Expand the School By Approximately 2,000 to 3,000 Sq.Ft., Adding 2 or 3 Classrooms (and Additional Rental Income)
Keystone STARS 4 (Highest Level) Program - The Keystone Program is an Initiative of the Pennsylvania Office of Child Development and Early Learning

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Exclusively Offer For Sale the Goddard School in Newtown, Pennsylvania. The Accredited School is an Original Goddard School That Has Been in Operation For 30 Years – the School Has Received Numerous Accolades Including the Goddard Circle of Excellence Award. With Median Household Income in Excess of $135,000 Annually and a Very Dense Population of Pre-k School Aged Children, the School Runs at Maximum Capacity, Allowing For Regular Annual Tuition Increases That Exceed Inflation. The Strong Financial Performance of the School Means the Tenant can Easily Afford the Rent With a Historic 3x Rent Coverage For Multiple Years. The Over-Sized 2.18-Acre Lot Means the School Can Be Expanded on this Site, Ensuring the Tenant Will Be Able to Meet Early Education Demand For Years to Come. At the Close of Escrow, the Tenant Will Be Entering Into a New Fifteen-Year Absolute Net Lease With 2% Annual Rent Bumps Providing For a Very Secure Investment. The Going-In 6.75% Yield Increases to 7.31% By Year 5 Thanks to the Attractive 2% Annual Rent Increases.

In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Day Care Center

Building Size

7,872 SF

Building Class

Year Built

1995

Price

$7,091,002 CAD

Price Per SF

$900.79 CAD

Cap Rate

6.75%

NOI

$478,653 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

2.18 AC

Zoning

LI, Newtown Twp

Parking

30 Spaces (3.81 Spaces per 1,000 SF Leased)

Frontage

273’ on Pheasant Run

MAJOR TENANTS

Health Care and Social Assistance
7,872 SF
$60.81 CAD
Triple Net
-

The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.