Cadence Academy
Retail | 6.75% CAP | 15,000 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Cadence Academy located at 607 Bedfrod St, East Bridgewater, MA 02333. The site consists of roughly 15,000 rentable square feet of building space on an estimated 7.06-acre parcel of land. This Cadence Academy is subject to a 15-year Triple Net (NNN) lease, which commenced 3/25/2024. The current annual rent is $406,682 and has scheduled increases of 3.00% annually.
Investment highlights
Long-term Absolute NNN Lease with Strong Annual Rental Increases | There are over 13 years of term remaining on this original 15 year lease. The lease calls for strong 3% annual rental which will provide a strong hedge against inflation. This is an absolute NNN lease with zero landlord responsibilities making this an ideal passive investment.
Corporate Guarantee from Top Daycare Operator | This lease features a corporate guarantee from Cadence Education, which has over 320+ locations in 20 states and plans for continued year-over-year growth.
Ideal Demographics for a Daycare Property | The surrounding area is considerably dense and affluent with over 32,600 individuals in a three mile radius with an average household income that exceeds $123,900. These are the ideal demographics for a daycare operator.
Large Lot with Strong Positioning Traffic Counts | The property sits on a large 7.06-acre lot situated on Bedford St which sees over 19,900 vehicles per day. A strong thoroughfare like this allows for convenient drop off and pick up for parents. Close proximity to Interstate-495 and Route 24 make this an ideal location for those commuting to Boston and the surrounding areas.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
