Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
$3,061,184
Cadence Academy (Corporate) - Louisville, KY
Details
Property Type Retail
Sub Type Convenience Store, Day Care/Nursery
Square Footage 8,983
Cap Rate 6.25%
NOI $191,324
Occupancy 100%
Tenancy Single
Brand/Tenant The Learning Experience, KinderCare Learning Center
Lease Type Absolute NNN
Lease Expiration 12/30/2039
Remaining Term 13.6
Rent Bumps Yes
Lease Options 1, 5-Year Option
Price per SqFt $341
Year Built 2008
Year Renovated 2024
Acreage 1.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
300+ Locations | 13+ Year Absolute NNN | 2% Annual Rent Increases
Marketing description
In Association with Scott Reid & ParaSell, Inc. | (949) 942-6585 | A Licensed Kentucky Broker #260997
Investment highlights
- 13+ Years Remaining on Absolute NNN Lease with No Landlord Responsibilities
- Lease Signatory Is the Corporate Entity That Operates all 300+ Locations
- Tenant Extended Lease Early Showing Dedication to Site
- Established and Profitable Location
- Portfolio of 4 Education/Childcare Properties Available Together or Individually (Contact Broker)
Tenant highlights
- Ranked #7 on Top 50 with over 300+ Locations Nationally
- 100% Corporate, No Franchising
- Strong Private Equity Backing from Apex Partners with a 40+ Year History and has a $77 Billion Track Record
Location highlights
- Situated in a Rapidly Expanding Corridor with Significant New Construction, Including SouthPointe Commons, an $80M Mixed-use Development, Along with other Nearby Multi-Family and Ground-Up
- Retail Developments Leased to National Credit Tenants
- Population Counts Exceed 131K in a 5-Mile Radius
- Located Less Than a Mile from Bates Elementary School
- Average HH Income of $109K+ in a 1-Mile Radius & Projected to Grow 9% by ‘30
- Nearby National Brands Include Circle K, Starbucks, Crumbl, Chick-fil-A, McDonald’s, Chipotle, 7 Brew, Bank of America, Walmart Supercenter, and More.
- $300+ Million Spent on Education & Day Care in a 10-Mile Radius
Listing Contacts
Listed by Pathway Capital Group, Essential Capital Advisors, ParaSell Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$191,324.00
$15,943.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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