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Child Care

Cadence Education DBA Canterbury Academy

15801 Metcalf Ave, Overland Park, KS 66223

Listing Price: $7,403,000

Cap Rate
7.00%
Tenant Name
Cadence Education
Years Remaining On Lease
10.1
Gross SF
20,798
Guarantor
Corporate Guarantee
Rentable SF
20,798
Price/Gross SF
$355.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.92

Investment Overview

Marcus & Millichap is pleased to present for sale Cadence Education in Overland Park, Kansas. Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools.

Overland Park is located in Kansas' Johnson County, south of Kansas City, Missouri. Home to approximately 203,780 residents, Overland Park is the second-largest city in both the Kansas City metro and the state of Kansas.

Investment Highlights

  • Recent 10 Year Lease Extension
  • Absolute Triple-Net (NNN) Lease with Annual Rent Increases
  • Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
  • High-Quality Construction on a Two-Acre Lot
  • 130,430 Residents within a Five-Mile Radius in the Kansas City MSA
  • Households and Population Projected to Increase Seven - Eight Percent in the Surrounding Area Over the Next Five Years
  • Situated in a Dense Retail Corridor Anchored by Walmart Supercenter
  • Surrounded by New Commercial and Residential Development

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Child Care

Cadence Education DBA Canterbury Academy

Listing Price: $7,403,000

Cap Rate
7.00%
Tenant Name
Cadence Education
Years Remaining On Lease
10.1
Gross SF
20,798
Guarantor
Corporate Guarantee
Rentable SF
20,798
Price/Gross SF
$355.95
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.92

Investment Highlights

  • Recent 10 Year Lease Extension
  • Absolute Triple-Net (NNN) Lease with Annual Rent Increases
  • Corporate Guaranty by Cadence Education, One of the Largest Providers of Early Childhood Care in the U.S. with Over 300 Schools Across 40 Brands
  • High-Quality Construction on a Two-Acre Lot
  • 130,430 Residents within a Five-Mile Radius in the Kansas City MSA
  • Households and Population Projected to Increase Seven - Eight Percent in the Surrounding Area Over the Next Five Years
  • Situated in a Dense Retail Corridor Anchored by Walmart Supercenter
  • Surrounded by New Commercial and Residential Development

Investment Overview

Marcus & Millichap is pleased to present for sale Cadence Education in Overland Park, Kansas. Cadence Education is one of the nation's premier early childhood educators. The company operates more than 300 private preschools and elementary schools within the Cadence Education Family of Schools. Overland Park is located in Kansas' Johnson County, south of Kansas City, Missouri. Home to approximately 203,780 residents, Overland Park is the second-largest city in both the Kansas City metro and the state of Kansas.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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