395 Route 24 W
Chester, NJ 07930
Rainbow Child Care Center · Retail Property For Sale

Property tours are available. Please contact the broker to schedule. Seller may consider unique purchase terms proposed by one or more buyers, in seller's sole and absolute discretion. Investment Highlights: STNL Rainbow Child Care Center in Morris County operating under net lease Rare corporate guaranty for daycare 2.7% Annual Rent Increases in Base Term Extraordinary 1-Mile Household Income - Over $230,000 Multiple National Retailers in Immediate Area (Starbucks, Wendy's, Marshalls, CVS and Staples) Rainbow Has 140+ Locations in 15 States Investment Overview: Rainbow Child Care Center (The Property), is located at 395 Route 24 West Chester, Morris County, New Jersey. The subject property is a Rainbow Child Care Center operating under a NN lease backed by a corporate guarantee with approximately 4 years remaining on their initial 5 year lease term. There are 2.7% annual rent increases in the tenant's initial lease term and 2.9% annual rent increases in the option years. The building itself is 9,120 square feet and is situated on two acres of land with 45 parking spaces. There is a playground for the students behind the building and ramp access to the front entranc There is a playground for the students behind the building and ramp access to the front entrance. The average household income within a one mile radius of the subject property is $230,000 with multiple national retailers within that same radius. Such retailers include: Starbucks, Wendy's, Marshalls, CVS and Staples. An investor looking to acquire a single tenant NN leased asset in a high income area should look to add 395 Route 24 West to their portfolio.