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Lightbridge Academy 1104 Bloomfield Ave 10,610 SF Retail Building West Caldwell, NJ 07006 $7,484,615 CAD ($705.43 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Corporate Guarantee for Full Term
- Proximity to Top-Rated Schools Reinforces Family Demand
- Affluent Surrounding Community
- Strong Surrounding Demographics
- Dense Commuter Demographic
- Strong Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Lightbridge Academy located at 1104 Bloomfield Avenue, West Caldwell, NJ 07006. The site consists of roughly 11,400 rentable square feet of building space on an estimated 1.14-acre parcel of land. Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2022. The current annual rent is $335,553 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
10,610 SF
Building Class
C
Year Built
2014
Price
$7,484,615 CAD
Price Per SF
$705.43 CAD
Cap Rate
6.25%
NOI
$467,788 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.17 AC
Zoning
B-1
Frontage
125’ on Bloomfield Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-01800-0000-00026 | Improvements Assessment | $2,718,177 CAD |
| Land Assessment | $925,262 CAD | Total Assessment | $3,643,439 CAD |
Property Taxes
Parcel Number
21-01800-0000-00026
Land Assessment
$925,262 CAD
Improvements Assessment
$2,718,177 CAD
Total Assessment
$3,643,439 CAD
Contacts
-
Edward Otocka -
Francis Purritano -
Tyler Hardin -
Glen Kunofsky -
Christopher Marks -
Surmount
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Lightbridge Academy | 1104 Bloomfield Ave
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