Listed by Sands Investment Group
$2,829,867
Cadence Academy - Sicklerville, NJ
Details
Property Type Retail, Special Purpose
Sub Type Day Care/Nursery, School
Square Footage 10,000
Cap Rate 6.75%
NOI $191,016
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 01/30/2035
Remaining Term 8.5
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $283
Year Built 1996
Acreage 3.040
Investment Type Net Lease
Lease Commencement 01/30/2020
Ground Lease No
Sale Condition N/A
300+ Unit Operator | Cadence Academy | Corporate Guarantee | $125K Avg Income HH
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 10,000 SF Cadence Academy located at 616 Sicklerville Road in Sicklerville, NJ. This deal includes ~9 years remaining on the initial lease term with a corporate guarantee, ensuring a stable investment opportunity.
Investment highlights
- Cadence Education is one of the largest private childcare providers in the United States, with 30+ years of operating history and more than 300 locations.
- Within a 30-minute drive, Sicklerville, NJ, is well-connected to regional hubs such as Salem, NJ, Wilmington, DE, and Philadelphia, PA.
- Located 40 minutes from both Philadelphia International Airport (PHL) and Atlantic City International Airport (ACY).
- ~9 years remaining on initial lease term with corporate guarantee.
- An average household income of $125,754 and a population of 132,504 residents within a 5-mile radius.
- 11 elementary feeder schools within a 5-mile radius.
- Sicklerville is currently growing at a rate of 7.14% annually, and its population has increased by 27.43% since the most recent 2020 census.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$191,016.00
$15,918.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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