1940 US Highway 22 - Day Care Center FOR SALE
Bound Brook, NJ 08805 |
$4,924,138 USD
203-887-8797
1940 US Highway 22
Bound Brook, NJ 08805
HIGHLIGHTS
- #1 Childcare Franchise with Strong Systemwide Sales Growth | The Learning Experience was ranked as the #1 childcare franchise on Entrepreneur Magazine
- Amongst the Fastest Growing Early Education Programs in the Country
- Well-established program with over 350 locations across the United States with further expansion planned throughout the United States
- Early Lease Extension | The operator recently extended their term early by five-years demonstrating a long term commitment to this location
OVERVIEW
Surmount is pleased to present the exclusive listing for a The Learning Experience located at 1940 U.S. 22, Bound Brook, New Jersey 08805. The site consists of roughly 10900 rentable square feet of building space on an estimated 1.37-acre parcel of land. This The Learning Experience is subject to a 20-year Double Net (NN) lease, which commenced 2/1/2019. The current annual rent is $347,710 and has scheduled increases of 10.00% Every 5 Years.
FOR SALE DETAILS
PRICE
$4,924,138 USD
PRICE/SF
$452 USD /SF
CAP RATE
7.06%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Learning Experience
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Day Care Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
C-3
APN/PARCEL ID
06-00382-0000-00004
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203-887-8797
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203-887-8797
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