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The Learning Experience 1940 US Highway 22 10,900 SF Retail Building Bound Brook, NJ 08805 $4,466,275 ($409.75/SF) 8% Cap Rate
Investment Highlights
- #1 Childcare Franchise with Strong Systemwide Sales Growth | The Learning Experience was ranked as the #1 childcare franchise on Entrepreneur Magazine
- Well-established program with over 350 locations across the United States with further expansion planned throughout the United States
- Amongst the Fastest Growing Early Education Programs in the Country
- Early Lease Extension | The operator recently extended their term early by five-years demonstrating a long term commitment to this location
Executive Summary
Surmount is pleased to present the exclusive listing for The Learning Experience located at 1940 US-22, Bridgewater, NJ 08805. The site consists of roughly 10,900 rentable square feet of building space on an estimated 1.37-acre parcel of land. The Learning Experience is subject to an original 15-year Double Net (NN) lease, which commenced 2/1/2019. The Learning Experience recently extended their lease for an additional five-years. The current annual rent is $357,302 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,900 SF
Building Class
B
Year Built
2019
Price
$4,466,275
Price Per SF
$409.75
Cap Rate
8%
NOI
$357,302
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.37 AC
Zoning
C-3
Amenities
- Freeway Visibility
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-00382-0000-00004 | Improvements Assessment | $1,326,800 |
| Land Assessment | $713,200 | Total Assessment | $2,040,000 |
Property Taxes
Parcel Number
06-00382-0000-00004
Land Assessment
$713,200
Improvements Assessment
$1,326,800
Total Assessment
$2,040,000
Contacts
-
Anthony D'Ambrosia -
Josh Kanter -
Stewart Hickey -
Christopher Marks -
Glen Kunofsky -
Surmount
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The Learning Experience | 1940 US Highway 22
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