CADENCE ACADEMY – CARROLLTON, TX (DALLAS MSA)

HIGHLIGHTS:

• Corporate Guaranty from Nation’s 4th Largest Corporate Operator – Cadence Education is one of the premier early childhood educators in the United States, operating over 280 private preschools and elementary schools as members of the Cadence Education Family of Schools across the country. With over 30 years in business, we have developed an unparalleled expertise in preparing students to thrive in the next step of their childhood.
• Successful Expansion of Neighboring Location – In 2019, Cadence had the opportunity to expand operations from their neighboring location, into another profitable location next door, through the acquisition of a competitor in the marketplace. Given the demographics and demand for early childhood education, this made logical sense. The neighboring location was busting at the seams and had a large waiting list, so acquiring the neighboring site with existing enrollment, which could feed the overflow into the subject property made this a very strategic acquisition.
• 11+ Years Remaining with 2.25% Annual Increases – Cadence Education signed a new 15-year lease at the subject property back in 2019. In addition to the 15-year base lease term, the tenant has two, five-year options to renew. The lease is extremely favorable for landlords in that it bodes 2.25% annual increases in rent. This is very important in a market where inflation is at the top of many investors’ minds.
• Fourth Most Populous Metro in the Nation (Dallas-Fort Worth MSA) – The Dallas-Fort Worth Metroplex is the fourth-most populous metro in the nation, with an aggregate of 7.9 million residents. It is composed of 13 counties, stretching nearly 10,000 square miles. The core cities of Dallas and Fort Worth house approximately 1.4 million and 990,000 residents, respectively. Strong corporate relocations and the resulting job gains continue to draw new residents to the region, which has added more than 315,000 more people since the onset of the COVID-19 health crisis.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Managing Director Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

ERIC LUHRSEN
Senior Associate
(630) 570-2219
eric.luhrsen@marcusmillichap.com

TEXAS BOR
Tim Speck
Lic #9002994