Cadence Academy Preschool - Myrtle Beach, SC | 109 W Perry Rd
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Cadence Academy Preschool - Myrtle Beach, SC 109 W Perry Rd
10,100 SF Retail Building Myrtle Beach, SC 29579 £2,635,175 (£261/SF) 6.50% Net Initial Yield
Investment Highlights
- Cadence Education is One of the Largest Private Childcare Providers in the United States with 30+ Years of Operating History
- Tenant Paying $21.49/ SF With No Renewal Options at End of Term
- Nearby Retailers Include: Tanger Outlets, Publix Supermarket, Kroger, Costco, Walmart Supercenter, Lowe's, Starbucks and Dunkin'
- 11+ Years Remaining on Initial Term With Favorable 2% Annual Rent Escalators
- Located Less Than 8-Miles From Myrtle Beach International Airport, This Center Has High Visibility From Highway 501
- Nearby Feeder Elementary Schools Include Carolina Forest, Forestbrook and River Oaks
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,100 SF Cadence Academy Preschool Located at 109 West Perry Road in Myrtle Beach, SC. This Deal Includes 11+ Years on a Triple Net (NNN) Lease With Minimal Landlord Responsibilities, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Charleston, LLC Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,100 SF
Building Class
C
Year Built
1999
Price
£2,635,175
Price Per SF
£261
Net Initial Yield
6.50%
NOI
£171,286
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
1.34 AC
Parking
25 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
118 ft on Perry Rd
Amenities
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Cadence Academy Preschool
- Educational Services
- 10,100 SF
- £16.98
- Triple Net
- Dec 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cadence Academy Preschool | Educational Services | 10,100 SF | £16.98 | Triple Net | Dec 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39915030028 | Improvements Assessment | £49,172 |
| Land Assessment | £11,187 | Total Assessment | £60,359 |
PROPERTY TAXES
Parcel Number
39915030028
Land Assessment
£11,187
Improvements Assessment
£49,172
Total Assessment
£60,359
-
Seth Krepistman -
Connor Brady -
Max Freedman -
Elan Sieder -
Sands Investment Group Austin, LLC
1 of 6
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Cadence Academy Preschool - Myrtle Beach, SC | 109 W Perry Rd
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