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Cadence Academy - Cedar Park, TX 2101 E Park St 12,281 SF Retail Building Cedar Park, TX 78613 $5,582,818 ($454.59/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Cadence Education is one of the largest private childcare providers in the United States, with 30+ years of operating history and 300+ locations.
- ~15 years remaining on the initial term with favorable 2% annual rent escalators, ensuring a stable investment.
- 13 elementary feeder schools within a 5-mile radius.
- Cedar Park, a suburb of Austin, is a 30-minute drive from downtown and Austin-Bergstrom International Airport (AUS).
- The average household income of $157,316, with a population of 266,428 residents within a 5-mile radius.
- Williamson County is recognized for its strong educational infrastructure.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 12,281 SF Cadence Academy located at 2101 East Park Street in Cedar Park, TX. This deal includes ~15 years remaining on the initial term with favorable 2% annual rent escalators, ensuring a stable investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,281 SF
Building Class
C
Year Built/Renovated
2015/2020
Price
$5,582,818
Price Per SF
$454.59
Cap Rate
6.50%
NOI
$362,883
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.92 AC
Parking
12 Spaces (0.98 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 12,281 SF
- $29.55
- Full Service
- Sep 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 12,281 SF | $29.55 | Full Service | Sep 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R538385 | Improvements Assessment | $2,320,085 |
| Land Assessment | $982,478 | Total Assessment | $3,302,563 |
PROPERTY TAXES
Parcel Number
R538385
Land Assessment
$982,478
Improvements Assessment
$2,320,085
Total Assessment
$3,302,563
CONTACTS
-
Adam Bridges -
Seth Krepistman -
Jason May -
Clifton McCrory -
Michael Gonzalez -
Max Freedman -
Sands Investment Group
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Cadence Academy - Cedar Park, TX | 2101 E Park St
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