The subject property is a 14,750 square foot single-tenant Chesterbrook Academy located in Phoenixville, Pennsylvania. The triple-net lease has limited landlord responsibilities and has a corporate guarantee from Nobel Learning Communities, Inc., a network of over 180 private schools in the United States. Over five years remain on the primary term, and the tenant has three options for renewal. The base rent increases by CPI adjustment every five years, not to exceed 10% cumulative for each five years. The building was constructed in 2002 and sits on 4.4 acres.
The subject property is located on Hollow Road at the intersection with Egypt Road in the northeastern portion of Phoenixville. The surrounding area is largely manufacturing and distribution with facilities for Boehringer Laboratories, TB Philly, TBP Converting, Innovative Print and Media Group, Novatek Corporation, Graphic Packaging International, Ferguson, Sheppard Redistribution, and others. The surrounding area has excellent demographics, with a one mile average household income of $123,845 and the five mile population exceeding 114,400 residents.
Phoenixville is a borough in Chester County, Pennsylvania, about 28 miles northwest of Philadelphia. At the intersection of the Schuylkill River and French Creek, Phoenixville blends historic charm with a modern mindset. Today, Phoenixville boasts an artsy, low-key vibe that attracts visitors craving a relaxing day with a creative twist. Phoenixville is in close proximity to Valley Forge National Park and the Perkiomen and Schuylkill River trails.
Other Available Locations:
Chesterbrook Academy – Cary, NC (Mackenan)
Chesterbrook Academy – Huntersville, NC
Chesterbrook Academy – Joliet, IL
Chesterbrook Academy – Shorewood, IL
Chesterbrook Academy – Sugar Grove, IL