138 E High St - Day Care Center FOR SALE


East Hampton, CT 06424 | 
$7,198,648 USD
914-403-7574
138 E High St, East Hampton, CT for Sale
$7,198,648 USD
Day Care Center - FOR SALE
1/2
null | 6.5% Cap Rate

138 E High St
East Hampton, CT 06424


HIGHLIGHTS

  • Long-Term Absolute NNN Lease with Built-In Rent Growth
  • Corporate Guarantee from Established Childcare Operator
  • Affluent, Densely Populated Trade Area
  • Positioned Near Strong National & Regional Retailers

OVERVIEW

Surmount is pleased to present the exclusive listing for a BrightPath located at 138 East High Street, East Hampton, CT 06424. The site consists of roughly 16,608 rentable square feet of building space on an estimated 3.04-acre parcel of land. BrightPath is subject to a 15-year Triple Net (NNN) lease, which commenced 8/23/2023. The current annual rent is $467,912 and has scheduled increases of 1.429% Annually.

FOR SALE DETAILS

PRICE

$7,198,648 USD

PRICE/SF

$180 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BrightPath

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

DD

APN/PARCEL ID

EHAM-000010A-000085-000005A

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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