Cadence Academy - Round Rock, TX
Cadence Academy | Long Term NNN Corporate Lease | 6.38% Cap Rate | Austin, TX MSA
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 12,821 SF Cadence Academy located at 60 Limmer Loop in Round Rock, TX. This deal includes 12+ years remaining on a Triple Net (NNN) Lease with 2% annual escalators, providing a long-term and passive investment opportunity with a strong hedge against inflation, ensuring a stable and reliable return.
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.
12+ years remaining on a Triple Net (NNN) Lease with 2% annual escalators, providing a long-term and passive investment opportunity with a strong hedge against inflation.
Outstanding demographics — this property is located in a high-growth and affluent market with 170,556 residents making an average household income of $119,752 within a 5-mile radius of the property.
The immediate trade area is expected to experience a 28% increase in population through 2029 within a 3-mile radius of the property.
Conveniently located along Limmer Loop with close proximity to feeder elementary schools: Veterans Hill Elementary, Kerley Elementary, and Linda Herrington Elementary.
Round Rock, TX (Austin, TX MSA) has been nationally recognized as home to Dell's world headquarters and is considered a leader in economic development in Central Texas. The city is also known for its young and educated workforce, with over 41% of residents having a bachelor's degree or higher.
Texas is an income tax-free state.
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