Cadence Academy

Highlights

• Cadence Academy Operates in 30 States Coast to Coast
• Necessity Tenant in a Strong Daytime Workforce Market
• NN Lease with Minimal Landlord Responsibilities
• Tenant Covers Taxes / CAM / Insurance Directly
• Strong Midwest Net Lease Asset Offering Higher Returns than Coastal Properties

Description

SVN is pleased to offer this ideal investment opportunity leased to Cadence Academy Preschool in West Des Moines, IA. Cadence Academy is one of the premier preschool operators across the country with schools in 30 states from coast-to-coast. This location has operated as an early childhood educational center for 11 years and has been operated by Cadence Education since 2016, when it acquired the location from Apple Tree and has continued to operate at full capacity, showing the need for early education in the local area. The lease offers two percent increases annually and minimal Landlord responsibilities (Roof / Structure / Parking). This is an incredible opportunity to own an asset in a class that will be active regardless of market conditions with a long-term operating history at the site.

The Subject Property is located at 3054 86th Street, Urbandale, Iowa. The site is located at the southeast corner of the 86th Street & Whitson Drive. Surrounded by single family homes and large apartment complexes, the school is at an ideal location to take advantage of the surrounding families within the immediate area. The property is just a 1/4 mile south of the 86th Street & Douglas Avenue intersection, which boasts 21,000 VPD and 20,000 VPD respectively. The previously referenced intersection, aside from strong traffic counts, contains multiple retail shopping centers as well as a Hyvee Grocery training facility that acts as a hub for the remaining fleet across the middle of Iowa. from the Jordan Creek Town Center, which is the largest shopping complex in the state of Iowa with a total gross leasable area of 1,340,000 square feet. It is also the fourth largest shopping complex in the Midwest, and the 24th largest shopping complex in the United States, making it a perfect child care option for the many employed in the immediate area. West Des Moines boasts top-rated schools such as Western Hills Elementary and Valley High School, making it an ideal choice for educational institutions and special purpose facilities. Nearby, West Glen Town Center offers a vibrant mix of dining, entertainment, and shopping. In the Greater Des Moines (DSM), there are numerous international and world-class companies. These businesses are among the top major employers drawing talent within the region and represent DSM’s key industries — from insurance and financial services to ag innovation, government, manufacturing, technology and more.

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