Cadence Academy Preschool - Wilmington, NC | 7131 Market St
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Cadence Academy Preschool - Wilmington, NC 7131 Market St
12,355 SF Retail Building Wilmington, NC 28411 $5,403,534 ($437/SF) 6% Cap Rate
Investment Highlights
- Cadence Education is One of the Largest Private Childcare Providers in the United States With 30+ Years
- Tenant Paying $25.22/ SF With No Renewal Options at End of Term
- The Center is Located Off Highway 17, a Primary Thoroughfare With High Visibility
- 11+ Years Remaining on Initial Term With Favorable 2% Annual Rent Escalators
- Strong Demographics With an Average Household Income of $92,319 and a Population of 44,108 Residents Within 3-Miles
- Conveniently Located 15 Minutes From Wilmington International Airport
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the 12,355 SF Cadence Academy Preschool Located at 7131 Market Street in Wilmington, NC. This Deal Includes 11+ Years Remaining on a Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Unique Investment.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,355 SF
Building Class
B
Year Built
2005
Price
$5,403,534
Price Per SF
$437
Cap Rate
6%
NOI
$324,212
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.67 AC
Zoning
B-2
Parking
25 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
71 FT on Market St
Amenities
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Cadence Academy Preschool
- Educational Services
- 12,355 SF
- $25.22
- Triple Net
- Dec 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cadence Academy Preschool | Educational Services | 12,355 SF | $25.22 | Triple Net | Dec 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R04400-002-042-000 | Improvements Assessment | $1,980,700 |
| Land Assessment | $583,100 | Total Assessment | $2,563,800 |
PROPERTY TAXES
Parcel Number
R04400-002-042-000
Land Assessment
$583,100
Improvements Assessment
$1,980,700
Total Assessment
$2,563,800
Contacts
-
Seth Krepistman -
Connor Brady -
Elan Sieder -
Max Freedman -
Clifton McCrory -
Sands Investment Group Austin, LLC
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Cadence Academy Preschool - Wilmington, NC | 7131 Market St
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