1451 Park Blvd - Day Care Center FOR SALE
Wylie, TX 75098 |
$4,560,000 USD
214-550-0877
1451 Park Blvd
Wylie, TX 75098
HIGHLIGHTS
- Early Lease Extension: Cadence Academy just executed a rare early 10-year lease extension, showing long-term commitment to the location
- Corporate Guarantee: The tenant, Cadence Academy Preschool, operates 300+ schools nationwide
- Absolute NNN Lease: The tenant is responsible for all operating expenses including taxes, insurance, repairs, and maintenance
- Attractive Rental Increases: The lease features 2.00% annual rent increases throughout the remaining term, providing a strong hedge against inflation
- Robust Industry Growth: The U.S. child care market is projected to grow from approximately $65 Billion in 2024 to nearly $110 Billion by 2033.
- Income Tax-Free State: Texas is an income tax-free state.
FOR SALE DETAILS
PRICE
$4,560,000 USD
PRICE/SF
$357 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cadence Academy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
2.87 AC
LAND SF
125,148 SF
ZONING
PD 2002-39
APN/PARCEL ID
R-8578-001-0010-1
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214-550-0877
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214-550-0877
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