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Cadence Academy - Forney, TX 929 College St 14,924 SF Retail Building Forney, TX 75126 $6,687,995 CAD ($448.14 CAD/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.
- ~15 years remaining on the lease with favorable 2% annual rent escalators.
- 11 feeder elementary schools within a 5-mile radius.
- Forney, a suburb of Dallas-Fort Worth, is located 45 minutes east of Dallas-Fort Worth International Airport (DFW).
- The average household income of $95,988, and the population of 179,150 residents within a 10-mile radius.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 14,924 SF Cadence Academy located at 929 South FM 741 in Forney, TX. This deal includes ~15 years remaining on the lease with favorable 2% annual rent escalators, ensuring a stable and reliable investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,924 SF
Building Class
B
Year Built/Renovated
2004/2007
Price
$6,687,995 CAD
Price Per SF
$448.14 CAD
Cap Rate
6.75%
NOI
$451,439 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
8.85 AC
Parking
71 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
471’ on South Bois D Arc Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23732 | Improvements Assessment | $2,628,076 CAD |
| Land Assessment | $1,219,569 CAD | Total Assessment | $3,847,646 CAD |
PROPERTY TAXES
Parcel Number
23732
Land Assessment
$1,219,569 CAD
Improvements Assessment
$2,628,076 CAD
Total Assessment
$3,847,646 CAD
CONTACTS
-
Seth Krepistman -
Jason May -
Clifton McCrory -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Austin, LLC
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Cadence Academy - Forney, TX | 929 College St
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