1130 Sparkleberry Lane Ext - Day Care Center FOR SALE


Columbia, SC 29223- Northeast Arcadia Lakes
$3,340,000 USD
650-678-7200
1130 Sparkleberry Lane Ext, Columbia, SC for Sale
$3,340,000 USD
Day Care Center - FOR SALE
1/3
null | 6.5% Cap Rate

1130 Sparkleberry Lane Ext
Columbia, SC 29223
Northeast Arcadia Lakes


HIGHLIGHTS

  • 9+ years remaining on corporate lease featuring 2% annual rental increases
  • Absolute NNN structure making this a truly “hands-off” investment
  • Lease is backed and executed by tenant’s parent company – Cadence Education, LLC
  • Strong intrinsics – rent at $22/ft and price per foot of $342/ft
  • Subject property located across the street from two heavily trafficked shopping centers
  • All schools corporate operated – leadership team benefits from extensive experience in the childcare/early education space

OVERVIEW

Excellent intrinsic value with replaceable rent at $22/ft and a building price of $342/ft. With 9+ years remaining on a corporate absolute NNN lease, Cadence Academy features 2% annual rental increases and is backed by the tenant's parent company. The subject property is located across the street from two of the most heavily trafficked shopping centers in the state per Placer.ai - Sparkleberry Square and Northpointe Commons.

FOR SALE DETAILS

PRICE

$3,340,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cadence Academy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,707 SF

ZONING

-

APN/PARCEL ID

22905-08-02

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.