Cadence Academy Preschool | Surfside, SC

Cadence Academy Preschool
2401 Discovery Lane, Myrtle Beach, SC, USA

Sands Investment Group is Pleased to Present Exclusively For Sale the 10,100 SF Cadence Academy Preschool NNN Asset Located at 2401 Discovery Lane in Surfside Beach, SC. This Deal Includes 11+ Years Remaining on Initial Term With Favorable 2% Annual Rent Escalators, 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
  • 10 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 15-Miles From Myrtle Beach International Airport, This Center is in a High-Traffic Area Off of Highway 17 and Highway 544
  • Nearby Retailers Include: South Strand Commons Mall, Publix Supermarket, Walmart Supercenter, Dunkin’, Lowe’s, The UPS Store, Grand Park Athletic Complex, Panera Bread, Chipotle and McAlister’s Deli
  • Nearby Feeder Elementary Schools Include: Lakewood, Burgess, Socastee, Seaside and Palmetto Academy
  • Surfside Beach Has Long Been Known Throughout the Grand Strand as a “Family Beach”
  • The Town is Also Home to Seven Parks and is Well on Its Way to Reopening the Iconic 800-Foot Surfside Pier Offering Jet Ski Rides and Parasail Flights
  • According to the S.C. Department of Parks, Recreation and Tourism Generated $24.4 Billion in 2019 With 2023 Reports Showing Continued Progress

In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103

Cadence Academy Preschool
2401 Discovery Lane, Myrtle Beach, SC, USA

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.

Price

SOLD

Cap Rate

6.60%

PREMISES

10,100 SF

RENEWAL OPTIONS

None

Lease Expiration

12/31/2034

Lease Type

NNN

RENTAL INCREASES

2% Annually

BROKERS

List with SIG

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