119 Highway 202 - Day Care Center FOR SALE


Raritan, NJ 08869
$4,958,500 USD
480-659-1777
119 Highway 202, Raritan, NJ for Sale
$4,958,500 USD
Day Care Center - FOR SALE
1/17
null | 6.5% Cap Rate

119 Highway 202
Raritan, NJ 08869


OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,958,500 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

B-3

APN/PARCEL ID

16-00029-0000-00002

ASK ABOUT THIS PROPERTY

Grafton MilneMenlo Group Commercial Real EstateMore Info
480-659-1777

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Grafton MilneMenlo Group Commercial Real EstateMore Info
480-659-1777

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