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1451 Park Blvd
Wylie, TX 75098
Cadence Academy · Retail Property For Sale
Investment Highlights
- Early Lease Extension: Cadence Academy just executed a rare early 10-year lease extension, showing long-term commitment to the location
- Absolute NNN Lease: The tenant is responsible for all operating expenses including taxes, insurance, repairs, and maintenance
- Robust Industry Growth: The U.S. child care market is projected to grow from approximately $65 Billion in 2024 to nearly $110 Billion by 2033.
- Corporate Guarantee: The tenant, Cadence Academy Preschool, operates 300+ schools nationwide
- Attractive Rental Increases: The lease features 2.00% annual rent increases throughout the remaining term, providing a strong hedge against inflation
- Income Tax-Free State: Texas is an income tax-free state.
Property Facts
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,778 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.87 AC
Zoning
PD 2002-39
Parking
18 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
401’ on Park
Property Taxes
| Parcel Number | R-8578-001-0010-1 | Improvements Assessment | $2,015,316 |
| Land Assessment | $768,398 | Total Assessment | $2,291,400 |
Property Taxes
Parcel Number
R-8578-001-0010-1
Land Assessment
$768,398
Improvements Assessment
$2,015,316
Total Assessment
$2,291,400
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