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Cadence Academy 1451 Park Blvd 12,778 SF Retail Building Wylie, TX 75098 $6,264,163 CAD ($490.23 CAD/SF) 7% Cap Rate
Investment Highlights
- Early Lease Extension: Cadence Academy just executed a rare early 10-year lease extension, showing long-term commitment to the location
- Absolute NNN Lease: The tenant is responsible for all operating expenses including taxes, insurance, repairs, and maintenance
- Robust Industry Growth: The U.S. child care market is projected to grow from approximately $65 Billion in 2024 to nearly $110 Billion by 2033.
- Corporate Guarantee: The tenant, Cadence Academy Preschool, operates 300+ schools nationwide
- Attractive Rental Increases: The lease features 2.00% annual rent increases throughout the remaining term, providing a strong hedge against inflation
- Income Tax-Free State: Texas is an income tax-free state.
Executive Summary
Patrick Graham
License # License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Educational Services
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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.
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- Health Care and Social Assistance
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The Goddard School® is a private preschool and early childhood education center with locations across the United States. Their preschool's approach to learning is centered around play-based activities and hands-on experiences, which help children develop a love for learning while building important skills in areas like literacy, math, and social-emotional development. In addition to providing a nurturing and supportive environment for children, The Goddard School also places a strong emphasis on communication and collaboration with parents to support their child's growth and development both inside and outside the classroom. Find the nearest private preschool near you by using their School Locator tool.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Educational Services | - | - | - | ||
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Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | R-8578-001-0010-1 | Improvements Assessment | $2,768,480 CAD |
| Land Assessment | $1,055,564 CAD | Total Assessment | $3,147,742 CAD |
Property Taxes
Contacts
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Kincade Krauss -
Kevin McKenna -
Josh Bishop -
Matthews Real Estate Investment Services
Presented by
Cadence Academy | 1451 Park Blvd
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