Cove Florida Net Lease 61 DST
St. Augustine, FL
| Asset Class: | Single Tenant Net Lease |
| Leverage: | 0% - All-Cash/Debt-free |
| Location(s): | St. Augustine, FL |
| Minimum Investment: | $50,000 |
| Current Distribution | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
- All-Cash/Debt-Free offering in St. Augustine, FL.
- Brand New 20-Year Corporate Backed Net Lease w/ 2% Annual Increases. Lease Thru: 12/6/2042
- Full Corporate Guarantee for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori).
- Higher Ground Education Has Doubled Revenue Each Year Since 2016, Paid Full Rent for all of its Schools Throughout the Pandemic, and Has Seen Enrollments Double Since 2020. HGE was Valued at $250 Million in 2021.
- Higher Ground Education, Inc. is the parent company of Guidepost Montessori, and the guarantor of this property's lease. They are based in Lake Forest, California and have backing from Learn Capital, the largest venture capital group in the educational space.
MSA Details
Population Counts Within a 1-Mile Radius Are Projected to Grow 29% by 2027. Average Household Income of $149k+ in a 5-Mile Radius is expected to reach $172k+ over the Next 5 Years. Heavily Trafficked Location Just Two Blocks from Interstate-95 (84k VPD) at the intersection of International Golf Parkway and North Francis Road (13k VPD). This Property is Located Between Two New Housing Developments and is Adjacent to a 78k Square Foot Business Park. Nearby National Brands Include Wendy’s, Publix, Walgreens, Costco Wholesale, and CubeSmart Self Storage.
Property Highlights
- All-Cash / Debt-Free DST Offering
- Brand New 20-Year Corporate Net Lease with Annual Rental Increases
- Guidepost Montessori has 95+ Locations Nationally and Locations Globally, Growth of 40+ Schools Annually, and Plans to Grow to 500+ Locations by 2026
- Full Corporate Guaranty for the Duration of the Lease from Higher Ground Education (Parent Company of Guidepost Montessori)
- Higher Ground Education Has Doubled Revenue Each Year Since 2016, Paid Full Rent for all of its Schools Throughout the Pandemic, and Has Seen Enrollments Double Since 2020.
Source: Brochure
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
