Goddard School - Kent, WA
24116 132nd Avenue SE, Kent, WA 98042
Gross SF: 10,192
Rentable SF: 10,192
Year One NOI: 436,462
Lot Size: 60,531 SF
Year Built: 2020
20 YEAR ABSOLUTE NET LEASE: Brand new, long term, personally guaranteed baselease at market rent providing uninterrupted, stable and secure income stream from one single tenant committed to the property.
NEW CONSTRUCTION: The versatile and durable facility was just constructed in 2020 with high quality materials and a smart functional design built for ease of maintenance and efficient use for the Tenant.
FIXED ANNUAL RENT INCREASES: The early proven success of the tenant allowed the Tenant to schedule and commit to 2% set annual rent increases in the base rent offering strong inflation protection to the Investor.
NATIONALLY RECOGNIZED SCHOOL: The Goddard School serves more than 75,000 students from six weeks to six years old in more than 600 Goddard Schools in 37 states and Washington, D.C.
NO LANDLORD EXPENSES: The lease is an absolute net type lease with the Tenant responsible for all property and building taxes, insurance, maintenance, repairs and replacements of all systems and improvements on the property giving the Landlord absolute peace of mind.
20 YEAR ABSOLUTE NET LEASE: Kent is the sixth largest city in Washington state and has seen a population increase of nearly 10% since 2020.
The Goddard School of Kent is a newly constructed full service educational facility strategically constructed to service the Kent, Washington growth market. This secure, fully leased nationally branded school offers the investor a unique 20 Year base lease term with the Tenant responsible for all building and property operating
expenses, maintenance, repairs and replacements. The strong personal lease guarantor assures that the investor will reap the long term benefits of a stable income stream with 2% annual rental increases.