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Bright Horizons | Mt. Olive, NJ 101 US Highway 206 8,830 SF Retail Building Flanders, NJ 07836 $3,284,000 ($371.91/SF) 7.25% Cap Rate

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Investment Highlights

Long-term corporate-guaranteed NNN lease to Bright Horizons with 5+ years remaining and a five-year renewal option.
Prime location along Route 206 (31,000+ VPD), adjacent to The Gardens shopping center with approximately 5 million annual visits.
Affluent Morris County demographics with average household incomes exceeding $195,000 within one mile and nearly 80,000 residents within five miles.

Built-in annual rent increases of the lesser of 1.75% or CPI, providing contractual income growth.
Surrounded by major national retailers including Walmart, Lowe’s, TJ Maxx, HomeGoods, PetSmart, Chipotle, and McDonald’s.
Excellent accessibility less than 0.5 miles from Interstate 80, with combined traffic counts exceeding 130k VPD and continued residential growth.

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bright Horizons Family Solutions childcare facility located in Flanders, New Jersey, within the affluent and established Morris County market. The property is leased to Bright Horizons Children’s Centers LLC under a long-term corporate guaranteed NNN lease structure with more than five (5) years remaining in the initial term and attractive annual rental increases equal to the lesser of 1.75% or CPI growth. The asset is being offered fee simple and provides investors with durable cash flow backed by one of the nation’s premier early education operators.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Day Care Center

Building Size

8,830 SF

Building Class

Year Built

2005

Price

$3,284,000

Price Per SF

$371.91

Cap Rate

7.25%

NOI

$238,157

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

1.40 AC

Zoning

B-2

Major Tenants

Health Care and Social Assistance
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Jul 2031

Bright Horizons began in 1986 after founders identified child care as a barrier for working parents, and the company was built around employer-sponsored child care. Bright Horizons now provides back-up child care, elder care, tuition program management, education advising, student loan repayment support, and workforce education programs. The company also operates early education and child care centers and serves employers seeking family-care benefits that support employees across different life stages. Bright Horizons maintains a global market presence and supports employers and families in multiple international markets.