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Cadence Academy 607 Bedford St 15,000 SF Retail Building East Bridgewater, MA 02333 $6,024,919 ($401.66/SF) 6.75% Cap Rate
Investment Highlights
- Long-term Absolute NNN Lease with Strong Annual Rental Increases
- Ideal Demographics for a Daycare Property
- Corporate Guarantee from Top Daycare Operator
- Large Lot with Strong Positioning Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Cadence Academy located at 607 Bedfrod St, East Bridgewater, MA 02333. The site consists of roughly 15,000 rentable square feet of building space on an estimated 7.06-acre parcel of land. This Cadence Academy is subject to a 15-year Triple Net (NNN) lease, which commenced 3/25/2024. The current annual rent is $406,682 and has scheduled increases of 3.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1990/2005
Price
$6,024,919
Price Per SF
$401.66
Cap Rate
6.75%
NOI
$406,682
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
7.06 AC
Zoning
100
Somewhat walkable
30/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | EBRI-000032-000000-000017 | Improvements Assessment | $1,726,200 |
| Land Assessment | $389,800 | Total Assessment | $2,116,000 |
Property Taxes
Parcel Number
EBRI-000032-000000-000017
Land Assessment
$389,800
Improvements Assessment
$1,726,200
Total Assessment
$2,116,000
Contacts
-
Anthony D'Ambrosia -
Josh Kanter -
Stewart Hickey -
Glen Kunofsky -
Christopher Marks -
Surmount
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Cadence Academy | 607 Bedford St
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