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Cadence Academy - Sicklerville, NJ 616 Sicklerville Rd 10,000 SF Retail Building Sicklerville, NJ 08081 $2,829,867 ($282.99/SF) 6.75% 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.
- Located 40 minutes from both Philadelphia International Airport (PHL) and Atlantic City International Airport (ACY).
- An average household income of $125,754 and a population of 132,504 residents within a 5-mile radius.
- Within a 30-minute drive, Sicklerville, NJ, is well-connected to regional hubs such as Salem, NJ, Wilmington, DE, and Philadelphia, PA.
- 9+ years remaining on initial lease term with corporate guarantee.
- 11 elementary feeder schools within a 5-mile radius.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 10,000 SF Cadence Academy located at 616 Sicklerville Road in Sicklerville, NJ. This deal includes 9+ years remaining on the initial lease term with a corporate guarantee, ensuring a stable investment opportunity.
In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471
In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
1996
Price
$2,829,867
Price Per SF
$282.99
Cap Rate
6.75%
NOI
$191,016
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.04 AC
Zoning
C
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 10,000 SF
- $18.02
- Triple Net
- Jan 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 10,000 SF | $18.02 | Triple Net | Jan 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 36-00502-0000-00009 | Improvements Assessment | $594,300 |
| Land Assessment | $313,600 | Total Assessment | $907,900 |
PROPERTY TAXES
Parcel Number
36-00502-0000-00009
Land Assessment
$313,600
Improvements Assessment
$594,300
Total Assessment
$907,900
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Cadence Academy - Sicklerville, NJ | 616 Sicklerville Rd
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