120 Wells Ave - Day Care Center FOR SALE


Newton, MA 02459- Oak Hill
$12,571,000 USD
508-272-0585
120 Wells Ave, Newton, MA for Sale
$12,571,000 USD
Day Care Center - FOR SALE
1/6
null | 7% Cap Rate

120 Wells Ave
Newton, MA 02459
Oak Hill


HIGHLIGHTS

  • TRUE PASSIVE OWNERSHIP WITH ABSOLUTE NNN LEASE
  • NEW LONG-TERM LEASE
  • CONSISTENT ANNUAL RENT INCREASES PROTECT PURCHASING POWER
  • STRONG DEMAND FOR EARLY EDUCATION ASSETS IN GREATER BOSTON
  • PRIME LOCATION NEAR BOSTON’S ECONOMIC CORE

OVERVIEW

This offering provides the opportunity to acquire a newly leased Celebree School under an absolute NNN structure, delivering investors fully passive, maintenance-free income backed by a 15-year initial term and consistent annual rent increases. As a leading and rapidly growing early childhood education operator, Celebree School brings long-term security aligned with essential service demand, creating a dependable and stable cash-flow investment. The property underwent a comprehensive modernization in early 2024, including refreshed building systems, exterior upgrades such as a resurfaced parking area, and a complete interior transformation tailored specifically for childcare operations. A newly designed outdoor play area further enhances the facility’s functionality and appeal. Located in Newton, MA, just 10 miles from downtown Boston, the asset benefits from exceptional demographics, high household incomes, and strong demand for childcare within a tightly constrained supply of suitable facilities. With its prime regional positioning, full recent renovation, and committed tenant, this property presents a compelling long-term investment in one of New England’s most resilient and affluent markets.

FOR SALE DETAILS

PRICE

$12,571,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Celebree School - Newton, MA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

LMD, Newton

APN/PARCEL ID

NEWT-000084-000034A-000006

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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