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Bright Horizons | Mt. Olive, NJ 101 US Highway 206 8,830 SF Retail Building Flanders, NJ 07836 $4,666,268 CAD ($528.46 CAD/SF) 7.25% Cap Rate

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Investment Highlights

Long-term corporate-guaranteed NNN lease to Bright Horizons with 5+ years remaining and a five-year renewal option.
Prime location along Route 206 (31,000+ VPD), adjacent to The Gardens shopping center with approximately 5 million annual visits.
Affluent Morris County demographics with average household incomes exceeding $195,000 within one mile and nearly 80,000 residents within five miles.

Built-in annual rent increases of the lesser of 1.75% or CPI, providing contractual income growth.
Surrounded by major national retailers including Walmart, Lowe’s, TJ Maxx, HomeGoods, PetSmart, Chipotle, and McDonald’s.
Excellent accessibility less than 0.5 miles from Interstate 80, with combined traffic counts exceeding 130k VPD and continued residential growth.

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bright Horizons Family Solutions childcare facility located in Flanders, New Jersey, within the affluent and established Morris County market. The property is leased to Bright Horizons Children’s Centers LLC under a long-term corporate guaranteed NNN lease structure with more than five (5) years remaining in the initial term and attractive annual rental increases equal to the lesser of 1.75% or CPI growth. The asset is being offered fee simple and provides investors with durable cash flow backed by one of the nation’s premier early education operators.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Day Care Center

Building Size

8,830 SF

Building Class

Year Built

2005

Price

$4,666,268 CAD

Price Per SF

$528.46 CAD

Cap Rate

7.25%

NOI

$338,400 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

1.40 AC

Zoning

B-2

Major Tenants

Health Care and Social Assistance
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Jul 2031

En 1986, les fondateurs de Bright Horizon ont vu que la garde d'enfants était un énorme obstacle pour les parents qui travaillent. Les centres sur place sont devenus l'une des façons dont ils ont réagi pour aider les employés — et les organisations — à mieux travailler. Aujourd'hui, ils offrent des services de garde d'enfants, de soins aux aînés et d'aide à l'éducation et à la carrière - des outils utilisés par bon nombre des meilleurs employeurs du monde et qui alimentent bon nombre des meilleures marques au monde. Dédié à offrir une éducation et des soins de la plus haute qualité ; faire une différence durable, un enfant, un élève, un enseignant, une famille et un employeur à la fois.