PROPERTY HIGHLIGHTS
SALE PRICE $4,958,500
SALE PRICE PER SF $495.85
CAP RATE 6.5%
NOI $322,300.00
BUILDING SIZE +/- 10,000 SF
LOT SIZE 1.615 AC
PROPERTY TYPE Childcare
OCCUPANCY 100%
YEAR BUILT 2020
APN 1816_29_2
ZONING B-3, Raritan
Long-Term, Single-Tenant Double Net (NN) Investment
Tenant: The Learning Experience (TLE at Raritan, LLC)
20-Year Initial Lease Term with 15 Years Remaining
Two Five-Year Renewal Options
Nationally Recognized, Experienced, and Proven Operator
Fully Built-Out 10,000 SF Childcare Facility
Exceptional Visibility and Signage Exposure Along the US Routes 202/206
Corridor
Strategic Location with Convenient Access to Major Regional Thoroughfares,
Including US Routes 202, 206, and 22; NJ Route 28; and Interstate 287
Convenient Access to Numerous Nearby Business, Retail, and Service
Amenities
Ample On-Site Parking