Retail    

Cadence Education

 Columbia, SC

Asking Price

$3,339,899

Cap Rate

6.50%

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Expenses

NNN

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Strong Private Equity Backing

from Apax Partners

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2%

Annual Increases

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Avg HHI

$102K (5-Mi)

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Established Location

27+ Yrs Operating History

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INVESTMENT HIGHLIGHTS

  • Corporate 300+ Unit Operator Ranked #7 on Top 50 
    Cadence Education is a Top 50, 100% Corporately Operated, Premier Early Education Provider in the United States. Cadence Operates 300 Locations Nationally and Has Been in Business for 30+ Years
  • Strong Private Equity Backing from Apax Partners
    Apax Partners is a Leading Private Equity Firm with a 40+ Year History and a $77 Billion Track Record. Apax Partners Invested in Cadence to Assist Their Growth Strategy
  • 10-Year NNN Lease (Min. LL Responsibilities) & 2% Increases Annually 
  • Established Center w/ 27+ Yr. Operating History
    This Center Has Been Serving this Community Since 1996, Acting as a Feeder School to Harbison West Elementary School and Irmo Elementary School, with Both Being Less than 2 Miles Away
  • Avg. HH Income of 102K+ & Projected to Grow 17.87% by '29
    Affluent Community with Strong Income Growth Projected. This Center is a Perfect fit for Cadence as a Premier Education Provider
  • Pop. Counts Exceed 93k & Projected to Grow 2.36% by '29
    Strong Population Counts in a Growing Community, Providing Strong Demand for Early Education Services 
  • Tenant Renewed Lease Early for 15 Years in 2018 Showing Dedication to Site
  • High Education & Day Care Consumer Spending
    $189 Million Spent on Education & Day Care in a 10-mile Radius & Projected to Increase 11.22% by '28
  • Strong Mix of Retail and Residential Surrounding the Property
    Nearby National Brands Include Lowe's Home Improvement, Home Depot, Academy Sports + Outdoors, Sam's Club, Best Buy, Walmart, Costco, Target and More. The Super-Regional Shopping Mall, Columbiana Centre, is Located Less than a Mile from the Property and has 99 Stores
  • Columbia is the Capital City of South Carolina
    The Economy in Columbia is Expansive, Led by Sectors Such as Healthcare, Education, and Government. In Recent Years, Large Corporations Including Amazon, Aflac, Capgemini & Mark Anthony Brewing have Relocated or Expanded in the Columbia Market and Added Several Thousands of Jobs. The City is also Home to the University of South Carolina with an Enrollment of Over 30,000 Students

Exclusively Listed By

Milo Spector

Senior Vice President
  mspector@northmarq.com      +1 510.461.4505
BRE #01959211

Remmington Penn

Associate
  rpenn@northmarq.com      +1 415.925.9955
BRE #02220211

Stephen Hasbrook

Investment Sales Analyst

BRE #02082677

In Association With
Jason Long

SC #105279

Northmarq

100 Pringle Avenue, Suite 320
Walnut Creek, CA 94596


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