1601 Sicklerville Road
Sicklerville, NJ 08081
Property For Lease

The building is 16,420 sq. ft and was built to the "institutional" building code which is the highest and most costly building code and the same building code that a hospital is built under. Construction on the 9,700 sq. ft. space that is available for lease was finished in 2008. It is well located next to the bus stop, dining and shopping and it has turn lanes in both directions for easy ingress and egress. There is paved parking for 70 cars and both the building and the parking are expandable due to the large 4 acre level site. Highlights..... • Triple net-leased property • Tenant is the number one-rated child care franchise in the U.S. • Class "A" suburban asset • 11.86% pro-forma cap rate • Sale price is more than $1,100,000 under replacement cost • Buyer captures a lot of equity • Great upside potential • Automatic 6% bi-annual lease bumps • Attractive assumable mortgage potential The property contains a Goddard School (at this site for 15 years) as a tenant in 40% (6,720 sq. ft). They have a new 10 year lease with 10 year options.