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Cadence Academy Preschool
109 West Perry Road - Myrtle Beach, SC 29579
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,100 SF Cadence Academy Preschool NNN 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.
- 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
- 11+ Years Remaining on Initial Term With Favorable 2% Annual Rent Escalators
- Tenant Paying $21.49/ SF With No Renewal Options at End of Term
- Located Less Than 8-Miles From Myrtle Beach International Airport, This Center Has High Visibility From Highway 501
- Nearby Retailers Include: Tanger Outlets, Publix Supermarket, Kroger, Costco, Walmart Supercenter, Lowe’s, Starbucks and Dunkin’
- Nearby Feeder Elementary Schools Include Carolina Forest, Forestbrook and River Oaks
- Myrtle Beach is at the Heart of South Carolina’s Grand Strand Coast, a 60-Mile Stretch of Beach
- Tourism Continues to Foster Significant Economic Benefit For the Myrtle Beach; Tourism Accounts For a $7 Billion Total Economic Impact and Another $2.2 Billion in Labor Impact Supporting More Than 80,000 Jobs Throughout the Grand Strand
- Myrtle Beach is One of the Fastest-Growing Areas in the State; Its Population Has Steadily Increased Since 2010 – 32% Compared to 12% For South Carolina as a Whole
In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103
Cadence Academy Preschool
109 West Perry Road - Myrtle Beach, SC 29579
CADENCE EDUCATION
Cadence Education is one of the premier early childhood educators in the United States, operating more than 300 private preschools across the country. With 30 years in business, Cadence Education has developed an unparalleled expertise in preparing students to thrive in the next step of their childhood. Their skills-based curriculum is proven and prepares children for Kindergarten and beyond. Their homelike environments reduce tension and make it easier for children to successfully transition from home to school.
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Cap Rate: 7.00%
$1,857,143
Available
Price
$3,240,208
Cap Rate
6.70%
PREMISES
10,100 SF
RENEWAL OPTIONS
None
Lease Expiration
12/31/2034
Lease Type
NNN
RENTAL INCREASES
2% Annually
BROKERS
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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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