94 Broad St - Day Care Center FOR SALE


Eatontown, NJ 07724
$5,029,000 USD
843-345-5333
94 Broad St, Eatontown, NJ for Sale
$5,029,000 USD
Day Care Center - FOR SALE
1/8
null | 7% Cap Rate

94 Broad St
Eatontown, NJ 07724


HIGHLIGHTS

  • Long-Term, NN Corporate Lease | 10% Rental Increases Every 5 Years & at Options | Minimal Landlord Responsibilities | Built in 2019
  • Fastest-Growing Childcare Brand with 700+ Centers Open, Planned or Under Development in 36 States & Internationally
  • High-Density, Affluent Submarket in the New York-Newark-Jersey City MSA | Population Exceeds 152,000 within a 5-Mile Radius
  • Less than 0.5 Miles from Netflix’s New $1 Billion Campus | 300-AC Site with 12 Sound Stages & 1M+ SF of Production Space | Creating 1,400+ New Jobs
  • Less than 1.7 Miles from the $500 Million Mixed-Use Redevelopment | 990,000 SF of New Retail Space, Over 1,000 New Housing Units, & Medical Offices
  • Right by Fort Monmouth Redevelopment | In Addition to the Netflix Campus, Plans Include 1,585+ Total New Housing Units & 1.75M SF of Commercial Space

OVERVIEW

Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in The Learning Experience retail asset located at 94 Broad Street, Eatontown, New Jersey. Constructed in 2019, the property is fully occupied by The Learning Experience on a long-term NN lease featuring 10% rental increases every five years. Ideally situated in a rapidly expanding corridor of Monmouth County, the immediate surrounding area features major redevelopments including Netflix’s $1 billion studio campus at Fort Monmouth & the $500 million Monmouth Mall mixed-use redevelopment. Located less than 0.5 miles from the subject property, the Netflix campus will comprise 12 film studios totaling 500,000 square feet, over one million square feet of production and support space, and create over 1,400 jobs.

FOR SALE DETAILS

PRICE

$5,029,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

7%

% 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

41

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

B-1

APN/PARCEL ID

12-01002-0000-00007

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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