101 US Highway 206 - Day Care Center FOR SALE


Flanders, NJ 07836
$3,284,000 USD
215-603-6914
101 US Highway 206, Flanders, NJ for Sale
$3,284,000 USD
Day Care Center - FOR SALE
1/7
null | 7.25% Cap Rate

101 US Highway 206
Flanders, NJ 07836


HIGHLIGHTS

  • Long-term corporate-guaranteed NNN lease to Bright Horizons with 5+ years remaining and a five-year renewal option.
  • Built-in annual rent increases of the lesser of 1.75% or CPI, providing contractual income growth.
  • Prime location along Route 206 (31,000+ VPD), adjacent to The Gardens shopping center with approximately 5 million annual visits.
  • Surrounded by major national retailers including Walmart, Lowe’s, TJ Maxx, HomeGoods, PetSmart, Chipotle, and McDonald’s.
  • Affluent Morris County demographics with average household incomes exceeding $195,000 within one mile and nearly 80,000 residents within five miles.
  • Excellent accessibility less than 0.5 miles from Interstate 80, with combined traffic counts exceeding 130k VPD and continued residential growth.

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bright Horizons Family Solutions childcare facility located in Flanders, New Jersey, within the affluent and established Morris County market. The property is leased to Bright Horizons Children’s Centers LLC under a long-term corporate guaranteed NNN lease structure with more than five (5) years remaining in the initial term and attractive annual rental increases equal to the lesser of 1.75% or CPI growth. The asset is being offered fee simple and provides investors with durable cash flow backed by one of the nation’s premier early education operators.

FOR SALE DETAILS

PRICE

$3,284,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bright Horizons | Mt. Olive, NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B-2

APN/PARCEL ID

36-09201-0000-00003

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.