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31084078
33257158

11 St Asaphs Rd, Bala Cynwyd, PA 19004

RP
CA CA 02220211
Pathway Capital Group
MS
CA 01959211
Pathway Capital Group
MC
CA CA 01708023, NV NV 1002492 (+1)
Essential Capital Advisors
SR
PA RB069068, CA 02101543 (+42)
ParaSell Inc
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
$7,901,388
12 days on market
Updated 12 days ago

Cadence Education (Corporate) - Philadelphia, PA

Details
Property Type Retail
Sub Type Convenience Store, Day Care/Nursery (+1)
Square Footage 20,881
Cap Rate 6.70%
NOI $529,393
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center (+4)
Lease Type Absolute NNN
Lease Expiration 12/30/2039
Remaining Term 13.6
Rent Bumps Yes
Lease Options 2, 5yr
Broker Co-Op Yes
Acreage 1.430
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/12/2016
Ground Lease No
Ownership Fee Simple (Land & Building)

2.5% Rental Increases | 813k+ Population | Corporate Operator

Marketing description

In Association with Scott Reid & ParaSell, Inc. | A Licensed Pennsylvania Broker #RB069068

Inquiries by residents and property owners of the State of Pennsylvania are to be made to Scott Reid of ParaSell, Inc.

Investment highlights

  • 14-Year Absolute NNN Lease with No Landlord Responsibilities

  • Rare 2.5% Annual Increases

  • Tenant Extended Lease Early Showing Dedication to Site

  • Cadence is Ranked #7 in the Top 50 with Over 300+ Locations Nationally and Has Been in Business 30+ Years

  • 100% Corporate, No Franchising

  • Strong Private Equity Backing from Apex Partners with a 40+ Year History and has a $77 Billion Track Record

  • Affluent First-Ring Suburb of Philadelphia, with a High-Income Demographic Base, and Limited New Supply Supporting Long-Term Tenant Demand and Property Value Growth

  • Excellent Demographics & Strong Growth Projections

Listing Contacts

RP
CA CA 02220211
Pathway Capital Group
MS
CA 01959211
Pathway Capital Group
MC
CA CA 01708023, NV NV 1002492 (+1)
Essential Capital Advisors
SR
PA RB069068, CA 02101543 (+42)
ParaSell Inc
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$529,393.00
$44,116.08/mo

Valuation Metrics

0
DSCR
6.7%
Cap Rate
6.7%
ROI

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Additional Information

Name
Scott Reid
License
RB069068
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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