1246 US-206 - Day Care Center FOR SALE
Bridgewater, NJ 08807 |
$6,463,000 USD
650-678-7200
1246 US-206
Bridgewater, NJ 08807
HIGHLIGHTS
- Long-term corporate net lease featuring 2% annual rental increases
- Tenant installed new HVAC & roof as part of TIs
- Lease features a full-term corporate guaranty from tenant’s parent company
- Bridgewater Township, NJ, is an idyllic suburban enclave located 41 miles from New York City
- High income trade area – average household incomes of $181,902 within a 3-mile radius of the subject property
- Prominent retailers in the direct trade area include Walmart Supercenter, Whole Foods, Target, Costco, Wegmans, and Marshalls
OVERVIEW
Over 16 years remaining on a corporate Cosmic Education lease that features 2% annual rental increases throughout the base term and option periods. The subject property is located in Bridgewater Township, an affluent suburban community in Central New Jersey and significant commuter town of the greater NYC metropolitan area - 30 minutes from NYC & 1 block away from the Four Seasons Hotel.
FOR SALE DETAILS
PRICE
$6,463,000 USD
PRICE/SF
$692 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cosmic Education
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.18 AC
LAND SF
51,401 SF
ZONING
C-3A
APN/PARCEL ID
06-00601-0000-00002
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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