250 S Cherrywood Dr - Schools FOR SALE


Lafayette, CO 80026
$8,428,000 USD
949-244-6644
250 S Cherrywood Dr, Lafayette, CO for Sale
$8,428,000 USD
Schools - FOR SALE
1/3
null | 6.75% Cap Rate

250 S Cherrywood Dr
Lafayette, CO 80026


HIGHLIGHTS

  • Single-Tenant Adventure Montessori
  • Long-Term Commitment | 12.6 Years of Primary Term Remaining
  • High Traffic Location at the Intersection of Hwy 287 & Empire Rd
  • Explosive Growth in the Denver MSA

OVERVIEW

Adventure Montessori in Lafayette, CO, a single-tenant early childhood education facility serving 85 students from infants through lower elementary, was sold under a 15-year absolute NNN lease signed in February 2023. The tenant, Adventure Montessori, is backed by Premier Early Childhood Education Partners LLC, a Chicago-based operator of 125 centers serving approximately 20,000 children nationwide. The lease includes 12.6 years of primary term remaining, 1.75% annual rent escalations, and two 10-year renewal options. Strategically located at the intersection of Hwy 287 and Empire Rd, the property benefits from high visibility and proximity to major healthcare employers including Intermountain Health Good Samaritan Hospital, Kaiser Permanente, and Medtronic. Lafayette’s explosive growth within the Denver MSA further enhances the long-term investment appeal of this asset.

FOR SALE DETAILS

PRICE

$8,428,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

3.41 AC

LAND SF

148,756 SF

ZONING

R-3D/PUD

APN/PARCEL ID

1575104-35-002,1575104-35-005,1575104-35-006,1575104-35-007

ASK ABOUT THIS PROPERTY

Matt BerresNewmarkMore Info
949-244-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matt BerresNewmarkMore Info
949-244-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.