279 Egg Harbor Rd - Day Care Center FOR SALE


Sewell, NJ 08080
$6,106,429 USD
332-345-4222
279 Egg Harbor Rd, Sewell, NJ for Sale
$6,106,429 USD
Day Care Center - FOR SALE
1/3
null | 7% Cap Rate

279 Egg Harbor Rd
Sewell, NJ 08080


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 279 Egg Harbor Rd in Sewell, New Jersey. The site consists of roughly 8,403 rentable square feet of building space on estimated 2.38-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 $427,450 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

$6,106,429 USD

PRICE/SF

$727 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spring Education

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

R

APN/PARCEL ID

18-00019-0000-00005-14

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.