1560 Bradford Rd - Day Care Center FOR SALE


Wayne, PA 19087
$5,727,629 USD
332-345-4222
1560 Bradford Rd, Wayne, PA for Sale
$5,727,629 USD
Day Care Center - FOR SALE
1/2
null | 7% Cap Rate

1560 Bradford Rd
Wayne, PA 19087


HIGHLIGHTS

  • Existing Lease in Place with Spring Education That Will Reset to 20 Years Upon Close of Escrow
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Spring Education Group

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Chesterbrook Academy located at 1560 Bradford Rd in Wayne, Pennsylvania. The site consists of roughly 5,321 rentable square feet of building space on estimated 5.00-acre parcel of land. This Chesterbrook Academy is subject to an existing NNN lease in place with Spring Education that will reset to 20 years upon close of escrow. The current annual rent is $400,934 and is scheduled to increase by 3% annually throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$5,727,629 USD

PRICE/SF

$1,076 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Education

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

OA

APN/PARCEL ID

43-005-0026.28A0

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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