loader
Join Free
Views: 58 Updated: 01.14.24 Posted: 11.21.23 Status: Inactive

Summary

Price $7,403,000
Built/Renov 1997
Tenant Cadence Academy (dba Canterbury Academy)
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 20,798
Lease Start 09-01-2012
#Units 300
Price/SF $355.95
Expiration 12-31-2033
Tenant Type Daycare/Education
NOI $518,267
R. Term 9.1
Ownership Fee Simple
Rent/SF $24.92
Increases 2.5%/1/yrs
Pop 5Mi 130,430
Lot/AC 2.00
Options 1/10yrs
AHHI 5Mi $174,653

Lease Highlights

  • Cadence Academy (dba Canterbury Academy) recently extended its lease an additional 10 years
  • The lease features 2.5% rent increases annually
  • Absolute NNN | Zero landlord responsibilities
  • Site features flexible zoning of CP-1, allowing opportunity for conversion to Offices and Medical Offices, Retail Stores, and General Service Businesses

Location Description

Cadence Academy is strategically located near the signalized intersection of 158th Street and Metcalf Ave. The property is positioned within a dense retail corridor anchored by Walmart Supercenter, making it easily accessible and strategically positioned. Moreover, it is situated across from upcoming new development. Additionally, the property is conveniently located immediately off US Highway...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Cadence Academy
  • Guarantor:Corporate
  • Company:Apax Partners
  • # Units:300
  • Stock:Private

About Tenant

Cadence Education is one of the largest providers of early childhood care in the United States. Cadence Education programs are tailored to each developmental stage in children from six weeks to 12...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,058 58,540 138,257
2023 Total Population : 9,119 58,052 134,475
2023 Employed Civilian Pop : 4,944 29,986 71,103
2023 Total Businesses : 517 1,896 4,508
2023 Average Household Income : $ 144,090 $ 189,115 $ 177,723
2023 Total Consumer Spending : $ 411 M $ 3250 M $ 7518 M
2023 Median Age : 39 38 40
2023 Total Households : 3,396 20,500 50,411
2023 Pop Age 25+: Bachelor's Degree : 2,153 15,283 37,307
2023 Average Home Value : $ 354,830 $ 524,805 $ 510,746
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W 158th St Metcalf Ave 2014 5,400 0.06 mi
W 158th St Barkley St 2013 3,400 0.10 mi
Metcalf Ave W 158th St 2014 17,800 0.12 mi
158th St Floyd 2014 4,200 0.13 mi
Lamar Ave W 158th St 2013 1,900 0.18 mi
W 158th St Lamar Ave 2013 2,400 0.18 mi
Metcalf Ave W 159th St 2013 9,000 0.20 mi
West 159th Street Metcalf Ave 2018 9,060 0.27 mi
Metcalf Avenue 158th St 2021 9,984 0.28 mi
Lamar Avenue Glenwood St 2021 2,193 0.32 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity