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Get In TouchThe Brilliance School | Garfield Heights, OH
The Brilliance School
10608 Granger Road, Garfield Heights, OH, 44125, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 37,158 SF The Brilliance School Absolute NNN Located at 10608 Granger Road in Garfield Heights, OH. This Asset is 100% Leased to The Brilliance School on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities Featuring 2.84% Rental Increases Annually, Providing For a Secured Investment.
- The Brilliance School is a High-Quality K-8 Public Charter School in Garfield Heights, OH
- This Asset is 100% Leased to The Brilliance School on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities Featuring 2.84% Rental Increases Annually
- Tenant Has Expressed Interest to Extend Lease Term to 10 Years
- The Property is Ideally Positioned on a 1.82 Acre Lot Between Several Large Suburban Neighborhoods and Many Key Employers in the Area; Cuyahoga County is One of the More Affluent Counties in Ohio With an Annual Household Income of Over $72K
- Total Consumer Spending on Education and Daycare Exceeds $103 Million Annually Within a 5-Mile Radius of This Location and Total Populations Exceeds 222,320 Within a 5-Mile Radius of This Location
- Established Retailers Nearby Include: Southgate Shopping Center (Featuring Target and Giant Eagle), Garfield Commons, Walmart Supercenter, Marcs, Home Depot, Meijer, Dollar General and More
- The Elementary Schools Within A 5-Mile Radius Of 10608 Granger Rd, Garfield Heights, OH 44125 Include William Foster Elementary, C. D. Hadden Elementary, H. M. McKinley Elementary, Memorial Elementary, William Rainey Harper Elementary, Cleveland Montessori Elementary, Franklin D. Roosevelt Elementary, South Broadway Elementary And Eisenhower Community Learning Center
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker Lic. #REC.2020005946 BoR: Scott Reid – Lic. OH #BRKP.2020001224
The Brilliance School
10608 Granger Road, Garfield Heights, OH, 44125, USA
THE BRILLIANCE SCHOOL
The Brilliance School is a high-quality K-8 public charter school in Garfield Heights. Our students come from across greater Cleveland to be part of a thriving community and a culture of success. At The Brilliance School, we cultivate an atmosphere of high expectations rooted in the best practices of high-performing schools. The coursework is deep and rigorous.
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Price
$3,536,018
Cap Rate
8.25%
PREMISES
37,158 SF
RENEWAL OPTIONS
None
Lease Expiration
05/31/2031
Lease Type
Absolute NNN
RENTAL INCREASES
2.84% Annual Increase This Year - Then $300,000 NOI For Remainder of Lease
BROKERS
Chris Sands
Scott Reid, ParaSell LLC
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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