List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchThe Goddard School – Newtown, PA
The Goddard School
119 Pheasant Run - Newtown, PA 18940
Sands Investment Group is Pleased to Exclusively Offer For Sale the The Goddard School Absolute NNN 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.
- 30-Year Operating History – Goddard Systems Corporate Originally Opened the School Before Transferring it to an Owner Operator Franchisee
- Very Strong Unit Level Tuition Rates and Profitability – Contact the Listing Broker For Details
- High Full-Time Enrollment, Which Allows For Regular Annual Tuition Increases
- Exceptional Demographics For Early Education: Median Household Income Exceeds $135,000 Annually in the Immediate Trade Area; Population Exceeds 130,000 People in a 5-Mile Radius; Approximately 35,000 Kids Under Age 5 Within a 10-Mile Radius
- 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), Which Would Increase Capacity to 150+ Students, Bringing it Inline With Goddard School’s Prototypical School Size
- Award-Winning Accredited School, Recognized By Goddard Systems With the Circle of Excellence Award; The School is Accredited With National Association For the Education of Young Children (NAEYC)
- Keystone STARS 4 (Highest Level) Program – The Keystone Program is an Initiative of the Pennsylvania Office of Child Development and Early Learning (OCDEL) to Improve, Support and Recognize the Continuous Quality Improvement Efforts of Early Learning Programs
- The Goddard School Falls Within the Council Rock School District, Which Includes 10 Public Elementary Schools in 5 Municipalities With Over 5,000 Elementary School Students; Including Private Schools, There Are Over 10 Feeder Elementary Schools Within 5 Miles of The Goddard School
In Cooperation With Sands Investment Group Pennsylvania, LLC – Lic. #RB069072 BoR: Tom Gorman – Lic. PA #RM424383
The Goddard School
119 Pheasant Run - Newtown, PA 18940
The goddard school
Established in 1988, Goddard Systems, Inc. (GSI), the franchisor of The Goddard School, is the acknowledged leader in the premium early childcare and education market segment. Headquartered in King of Prussia, Pennsylvania, GSI has been consistently named one of the top childcare franchises in the United States by Entrepreneur magazine and one of the Top 200 Franchise Systems (in worldwide sales) by Franchise Times. The Goddard School serves more than 75,000 students from six weeks to six years old in more than 650 Goddard Schools in 37 states and Washington, D.C. The Goddard School is committed to provide and ensure the highest quality of social and academic experiences for early childhood development. Their F.L.EX. ® (Fun Learning Experience) Learning Program is child focused and age appropriate; From Infant and Toddler learning milestones to Enrichment & STEAM for Preschooler and Kids Club (before & after school). Their 21st century learning approach prepares them for success in School and in Life.
Similar Listings
Cadence Academy – Sicklerville, NJ
Winslow Township, New Jersey
Cap Rate: 6.75%
$2,669,629
Available
Price
$5,111,000
Cap Rate
6.75%
PREMISES
7,872 SF
RENEWAL OPTIONS
Four, 5-Year
Lease Expiration
15 Years After Closing
Lease Type
Absolute NNN
RENTAL INCREASES
2% Annually
BROKERS
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
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.
By filling in your information and submitting this form, you are accepting the terms of this agreement.