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3121 E Rt-10
Denville, NJ 07834
The Learning Experience · Retail Property For Sale
Investment Highlights
- Denville Township, NJ is just 32 miles outside of New York City and is an affluent, flourishing and high barrier to entry market
- Property also sits on a parcel with more than 100 feet of frontage on Route 10 with traffic counts of more than 48,900 vehicles per day
- The Learning Experience is less than 4 miles from Route 202 (19,300+ VPD) and less than 5 miles I-287 (145,400+ VPD)
- NNN lease where the landlord is only responsible for roof and structure and features a 0.68% rental increase in January 2023 and 12% in each option
- Morris county is the 2nd most affluent county in New Jersey with average household incomes in excess of $196,000 within a mile of the Property
- This Learning Experience has continuously been operating for 10+ years; the existing franchisee is a well-established operator with multiple locations
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,300 SF
Building Class
C
Year Built
1966
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.23
Lot Size
0.92 AC
Zoning
B-2
Parking
15 Spaces (1.61 Spaces per 1,000 SF Leased)
Frontage
102’ on E Rt-10
Property Taxes
| Parcel Number | 08-20701-0000-00026 | Improvements Assessment | $991,800 |
| Land Assessment | $641,200 | Total Assessment | $1,633,000 |
Property Taxes
Parcel Number
08-20701-0000-00026
Land Assessment
$641,200
Improvements Assessment
$991,800
Total Assessment
$1,633,000
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