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The Learning Experience 94 Broad St 10,000 SF Retail Building Eatontown, NJ 07724 $5,029,000 ($502.90/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Long-Term, NN Corporate Lease | 10% Rental Increases Every 5 Years & at Options | Minimal Landlord Responsibilities | Built in 2019
High-Density, Affluent Submarket in the New York-Newark-Jersey City MSA | Population Exceeds 152,000 within a 5-Mile Radius
Less than 1.7 Miles from the $500 Million Mixed-Use Redevelopment | 990,000 SF of New Retail Space, Over 1,000 New Housing Units, & Medical Offices

Fastest-Growing Childcare Brand with 700+ Centers Open, Planned or Under Development in 36 States & Internationally
Less than 0.5 Miles from Netflix’s New $1 Billion Campus | 300-AC Site with 12 Sound Stages & 1M+ SF of Production Space | Creating 1,400+ New Jobs
Right by Fort Monmouth Redevelopment | In Addition to the Netflix Campus, Plans Include 1,585+ Total New Housing Units & 1.75M SF of Commercial Space

EXECUTIVE SUMMARY

Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in The Learning Experience retail asset located at 94 Broad Street, Eatontown, New Jersey. Constructed in 2019, the property is fully occupied by The Learning Experience on a long-term NN lease featuring 10% rental increases every five years. Ideally situated in a rapidly expanding corridor of Monmouth County, the immediate surrounding area features major redevelopments including Netflix’s $1 billion studio campus at Fort Monmouth & the $500 million Monmouth Mall mixed-use redevelopment. Located less than 0.5 miles from the subject property, the Netflix campus will comprise 12 film studios totaling 500,000 square feet, over one million square feet of production and support space, and create over 1,400 jobs.

TLE-Eatontown-NJ-3rdParty-AP-Costar

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Day Care Center

Building Size

10,000 SF

Building Class

Year Built

2019

Price

$5,029,000

Price Per SF

$502.90

Cap Rate

NOI

$352,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.24

Lot Size

0.94 AC

Zoning

B-1

Parking

41 Spaces (4.1 Spaces per 1,000 SF Leased)

Frontage

100’ on Broad St

Corner Lot
Freeway Visibility

Pylon Sign

Signage

Monument Signage

Health Care and Social Assistance
99,999 SF
-
Jan 0000

The Learning Experience® is one of the most trusted brands in the childcare space. Founded by the Weissman family in 2002 with a passion for early childhood education and a unique approach that drives learning and development through the eyes of a child, TLE has been dedicated to providing excellence in early education and childcare for more than 20 years! The Weissman family have been developing best-in-class childcare brands for more than 40 years, establishing hundreds of centers across the globe that make children happy to learn, play, and grow! Through philanthropic efforts, innovation in curriculum and technology, and more, the Weissman family is forever dedicated to the TLE mission.