Log In/Sign Up
Your email has been sent.
Cadence Academy Preschool (Corporate) 8905 W Highway 22 15,431 SF Retail Building Crestwood, KY 40014 $3,899,822 ($252.73/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 14-Year Absolute NNN Lease with No Landlord Responsibilities
- Lease Signatory is the Corporate Entity That Operates All 300+ Locations
- Cadence is Ranked #7 in the Top 50 with Over 300+ Locations Nationally and Has Been in Business 30+ Years
- Rare 2.5% Annual Increases
- Tenant Extended Lease Early Showing Dedication to Site
- Excellent Demographics
EXECUTIVE SUMMARY
In Association with Scott Reid & ParaSell, Inc. | (949) 942-6585 | A Licensed Kentucky Broker #260997
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
15,431 SF
Building Class
B
Year Built/Renovated
2007/2024
Price
$3,899,822
Price Per SF
$252.73
Cap Rate
6.25%
NOI
$243,739
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.12 AC
Zoning
C-2
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Educational Services
- 15,936 SF
- $15.29
- Triple Net
- Dec 2039
Cadence Education is one of the premier early childhood educators in the United States, operating more than 300 private preschools and elementary schools as members of the Cadence Education Family of Schools across the country. With more than 30 years in business, they have developed an unparalleled expertise in preparing students to thrive in elementary school and beyond. They provide parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Educational Services | 15,936 SF | $15.29 | Triple Net | Dec 2039 |
PROPERTY TAXES
| Parcel Number | 16-25-01-E&F | Improvements Assessment | $2,500,000 |
| Land Assessment | $325,000 | Total Assessment | $2,825,000 |
PROPERTY TAXES
Parcel Number
16-25-01-E&F
Land Assessment
$325,000
Improvements Assessment
$2,500,000
Total Assessment
$2,825,000
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Cadence Academy Preschool (Corporate) | 8905 W Highway 22
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.