11 Middletown Lincroft Rd
Lincroft, NJ 07738
Retail Property For Sale

CBRE is pleased to present 11 Middletown Lincroft Road, Lincroft, Monmouth County, New Jersey. The property consists of a 5,911-square foot building resting on 1 acre in the Lincroft section of Middletown Township. The main building is 4,880 square feet divided between 2 floors, and was built in 1976. A 1,031-square foot addition was attached 5 years ago to accommodate growing enrollment. The property has a fenced rear yard with playground, and parking for 25 cars. The subject property has 168 feet of frontage on Middletown Lincroft Road, and is located just 0.2 miles from the intersection with County Road 520. County Road 520, also known as Newman Springs Road, is a major east-west thoroughfare extending 22 miles from Old Bridge Township, Middlesex County, to the Monmouth County coastal town of Sea Bright. Between these points, Route 520 intersects U.S. Highway 9, State Highways 18, 34, 35, 36 and 79, as well as the Garden State Parkway just 1.3 miles away. Several major retailers operate at the intersection of Middletown Lincroft Road and Route 520 including, ACME Market, Rite Aid, McDonald’s, Dunkin’ Donuts, Subway, Manhattan Bagel, Bank of America, The UPS Store, Retro Fitness, and Dairy Queen. Other nearby attractions include Brookdale Community College (1.1 miles), Christian Brothers Academy (1.4 miles), and Thompson Park (1.1 miles). Demographics in the area are excellent with a population over 90,000 people within 5 miles and an average household income over $170,000 within 1 mile. The area continues to grow as demonstrated by 228 new luxury townhomes being developed 0.7 miles north on Middletown Lincroft Road. The current owners have operated the property as a privately-owned pre-school and day care center for over 28 years and have decided to retire, creating an opportunity for a new operator. The building is licensed for 99 students and the demographics and location create an ideal for scenario for another day care operator to step right in. While this offering is for the real estate, the owners look forward to sharing information on their client-base and operations with the new ownership.