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Lake Erie International High School

11650 Detroit Avenue, Cleveland, Ohio, 44102
  • Agent(s):
    Kyle Hartung
  • Name:
    Lake Erie International High School
  • Address:
    11650 Detroit Avenue, Cleveland, Ohio, 44102
  • Total SF:
    8,700
  • Lot Sizes:
    0.478 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

Full Offering Memorandum

Details

For sale is the 100% fee-simple interest in the NN-leased Lake Erie International High School, a freestanding 8,700 square foot building located at the major intersection of Detroit Road and West 117th Street in Cleveland, Ohio. The tenant currently has 6.5 years remaining on an initial 8 year lease term, and is responsible for parking lot maintenance and reimbursement of parking lot repairs. Further, the building was completely renovated in 2013 and is experiencing tremendous success. They offer their students individualized and self-paced programs that leads to a high school diploma (not a GED). The school is managed and operated by Newpoint Education Partners, a widely recognized education services provider with offices in Ohio and Florida. The Newpoint team has collectively led the development of over 75 schools throughout the nation, and currently manages 25 schools including Lake Erie International High School. Newpoint has a flawless charter school record with 100% retention of accreditation status at all schools. This investment offers the purchaser stability from a recognized charter school operator providing a service in high demand within its respective area. Additionally, the property is situated within a high traffic/high density marketplace that draws traffic from Cleveland's entire west side.

Location