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Cadence Academy - Round Rock, TX 60 Limmer Loop 12,821 SF Retail Building Round Rock, TX 78665 $7,022,688 ($547.75/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Cadence Education is One of the Largest Private Childcare Providers in the United States With 30+ Years of Operating History and 300+ Locations
- Outstanding Demographics, This Property is Located in a High Growth and Affluent Market With 170,556 Residents Making an Avg HH Income of $119,752
- Conveniently Located Along Limmer Loop With Close Proximity to Feeder Elementary Schools: Veterans Hill Elementary, Kerley Elementary
- 12+ Years Remaining on a Triple Net (NNN) Lease With 2.00% Annual Escalators, Providing a Long Term and Passive Investment Opportunity
- The Immediate Trade Area is Expecting to Experience a 28% Increase in Population Through 2029 Within a 3-Mile Radius of the Property
- Round Rock, TX (Austin, TX MSA) Has Been Nationally Recognized as Home to Dell's World Headquarters and is Considered a Leader in Economic Development
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,821 SF Cadence Academy Located at 60 Limmer Loop in Round Rock, TX. This Deal Includes 12+ Years Remaining on a Triple Net (NNN) Lease With 2.00% Annual Escalators, Providing a Long Term and Passive Investment Opportunity With a Strong Hedge Against Inflation, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,821 SF
Building Class
C
Year Built/Renovated
1980/2022
Price
$7,022,688
Price Per SF
$547.75
Cap Rate
6.25%
NOI
$438,919
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.57 AC
Zoning
F1 - Real, Commercial
Parking
71 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
297’ on Limmer Loop
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cadence Academy
- Educational Services
- 12,821 SF
- $34.23
- Triple Net
- Aug 2037
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cadence Academy | Educational Services | 12,821 SF | $34.23 | Triple Net | Aug 2037 |
PROPERTY TAXES
| Parcel Number | R021319 | Improvements Assessment | $2,855,661 |
| Land Assessment | $516,770 | Total Assessment | $3,372,431 |
PROPERTY TAXES
Parcel Number
R021319
Land Assessment
$516,770
Improvements Assessment
$2,855,661
Total Assessment
$3,372,431
CONTACTS
-
Mike Van Shellenbeck -
John Mansour -
Daniel Marquez -
Sands Investment Group Austin, LLC
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Cadence Academy - Round Rock, TX | 60 Limmer Loop
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