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Get In TouchCadence Academy | Medford, NY
Cadence Academy
703 East Patchogue Yaphank Road, Medford, NY 11763, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 11,460 SF Cadence Academy NNN Early Education Located at 703 Patchogue Yaphank Road in Medford, NY. This Deal Includes a 9 Years Remaining on Initial Term with Favorable 2% Annual Rent Escalators, Providing for a Secured Investment.
- Cadence Education is One of the Largest Private Childcare Providers in the United States, With 30+ Years of Operating History and More Than 300 Locations
- Medford is Located in the Heart of Long Island and One Hour’s Drive East of John F. Kennedy International Airport (JFK)
- 9 Years Remaining on Initial Term With Favorable 2% Annual Rent Escalators
- Average Household Income of $143,618 and a Population of 148,212 Residents Within a 5-Mile Radius
- 12 Feeder Elementary Schools Within a 10-Mile Radius
In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BOR: Andrew Ackerman Lic. NY #10491210161
Cadence Academy
703 East Patchogue Yaphank Road, Medford, NY 11763, USA
CADENCE ACADEMY
Cadence Education is one of the premier early childhood educators in the United States, operating more than 300 private preschools and elementary schools as members of the Cadence Education Family of Schools across the country. With more than 30 years in business, we have developed an unparalleled expertise in preparing students to thrive in elementary school and beyond. The name Cadence Education reflects our strong educational expertise, and supports our belief that children thrive when they can explore in an environment that guides them with a dependable rhythm or pattern.
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Price
$5,033,257
Cap Rate
6.50%
PREMISES
11,460 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
03/31/2034
Lease Type
NNN
RENTAL INCREASES
2% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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