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1005 US 202
Branchburg, NJ 08876
Celebree School - New 15 Year Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New Celebree School of Branchburg-Somerville
- 15 Year Lease – 12% Increases Every 5 Years
- Tenant Spent $1.5M in Recent Renovations
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
12,615 SF
Year Built
1999
Price
$5,698,000
Price Per SF
$451.68
Cap Rate
7%
NOI
$398,886
Tenancy
Single
Building Height
2 Stories
Building FAR
0.23
Lot Size
1.28 AC
Zoning
RS2
Parking
26 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
89’ on U.S. 202
PROPERTY TAXES
| Parcel Number | 05-00054-0000-00016 | Improvements Assessment | $2,635,000 |
| Land Assessment | $1,280,000 | Total Assessment | $3,915,000 |
PROPERTY TAXES
Parcel Number
05-00054-0000-00016
Land Assessment
$1,280,000
Improvements Assessment
$2,635,000
Total Assessment
$3,915,000
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