Cadence Academy Forney Investment Opportunity

929 College Ave, Forney, TX

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For Sale

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NNN leased Cadence Academy with favorable escalators in Forney, TX.

Type:RETAIL

Property size:

14,924 SF

Lot size:

3.84 Acres

Price / SF:

$327/SF

HighLights

NNN lease with 9 years remaining, providing a secured investment.
Favorable 2% annual rent escalators.
Tenant is Cadence Education, a large childcare provider with 30+ years of operating history.
Located in Forney, TX, a suburb of Dallas‑Fort Worth.
High average household income of $95,988 within a 10‑mile radius.
Population of 179,150 residents within a 10‑mile radius.

We can help!

Listing Contact

Seth Krepistman

Learn more

For Sale

Contact for pricing

NNN leased Cadence Academy with favorable escalators in Forney, TX.

Type:RETAIL

Property size:

14,924 SF

Lot size:

3.84 Acres

Price / SF:

$327/SF

Added:: Apr 9, 2025
Days on Market:: 428
Last Refresh:: May 20 at 8:41 pm

Property Features for 929 College Ave

General Information

Standard status: Active
Size: 14,924 SF
Lot size: 3.84 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Seth Krepistman

Listing agent Seth Krepistman License #TX 644481

Listing office Sands Investment Group (SIG) | Austin

Listing date Apr 9, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin

HighLights

NNN lease with 9 years remaining, providing a secured investment.
Favorable 2% annual rent escalators.
Tenant is Cadence Education, a large childcare provider with 30+ years of operating history.
Located in Forney, TX, a suburb of Dallas‑Fort Worth.
High average household income of $95,988 within a 10‑mile radius.
Population of 179,150 residents within a 10‑mile radius.

Overview

This 14,924 square foot NNN asset is located at 929 South FM 741 in Forney, TX. The property is occupied by Cadence Academy, one of the largest private childcare providers in the United States, with over 30 years of operating history and more than 300 locations. The lease has 9 years remaining on the initial term, with favorable 2% annual rent escalators, providing for a secured investment. The surrounding area has an average household income of $95,988 and a population of 179,150 residents within a 10-mile radius. There are 11 feeder elementary schools within a 5-mile radius. Forney is a suburb of Dallas-Fort Worth, located 45 minutes east of Dallas Fort Worth International Airport (DFW).

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$372.5k	$24.96
− Vacancy	−$16.8k	−$1.12
EGI	$355.7k	$23.84
− OpEx	−$106.7k	−$7.15
NOI	$249.0k	$16.69

14,924 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.56M

$3.11M – $4.15M (±1% cap)

NOI $249,018 @ 7.0% cap · market cap 5.10%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$187.83M

$164.35M – $219.13M (±1% cap)

NOI $13,147,768 @ 7.0% cap · market cap 269.04%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

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Location Insight

Map
Local Demand

City: Forney
County: Kaufman
State: Texas
Longitude: -96.451
Latitude: 32.7342

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What type of property is this?

Storefront property - NNN leased Cadence Academy with favorable escalators in Forney, TX.

Where is this storefront property located?

The property is located at 929 College Ave Forney, TX.

What is the asking price?

The asking price for this property is $4,886,924.

What are key features of this property?

This property features: NNN lease with 9 years remaining, providing a secured investment.; Favorable 2% annual rent escalators.; Tenant is Cadence Education, a large childcare provider with 30+ years of operating history.

929 College Ave, Forney, TX

NNN leased Cadence Academy with favorable escalators in Forney, TX.

Property Features for 929 College Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Landmark Office Building

Multiple Use Flex Warehouse Building

Custom Office Building for Owner-Users

Automotive Car Wash Site

Multi-Use Flex Warehouse Building

Downtown Landmark Retail Building

Tenant-Occupied Single-Family Rental

Fully Occupied Retail Center Forney

Historic Building with Modern Touches

Forney Industrial Building with Office

Unique Commercial Property in Forney

Historic Forney Building with Modern Touches

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