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32022278
32022279

4118 Robinson Road, Grand Prairie, TX 75052 For Sale

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$3,108,375
81 days on market
Updated 81 days ago

Cadence Academy | 300+ Unit Corporate Guarantor

Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 11,050
Cap Rate 8%
NOI $248,670
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 05/31/2029
Remaining Term 2.9
Rent Bumps Yes
Lease Options 1, 5 Year Option
Price per SqFt $281
Year Built 1999
Acreage 1.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/15/2009
Ground Lease No

Top 10 Corporate Operator | 8.00% CAP | 11,050 SqFt

Marketing description

Cadence Education is one of the nation’s premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools. Cadence Education schools use an expertly developed curriculum to give students skills and confidence for the next step in their life.

Grand Prairie is located in Dallas, Tarrant, and Ellis counties with a small part extending into Johnson county. It is part of the Mid-Cities region in the Dallas–Fort Worth metroplex.

Investment highlights

» Approximately 4 Years Remaining on Absolute Triple-Net (NNN) Lease With Annual Increases

» Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands

» Average Household Income Exceeds $125,000 Within a 1-Mile Radius

» Households and Population Projected to Grow by 10 - 12 Percent in the Immediate Area Over the Next Five Years

» Easily Accessible Location Located Right Off the I-20 Freeway Trafficked by More Than 190,000 Cars Per Day

» Located Within a 30-Minute Drive to Downtown Dallas and Fort Worth

Listing Contacts

SB
AZ AZ:SA703812000
Marcus & Millichap - Phoenix
MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,670.00
$20,722.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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