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1104 Bloomfield Ave
West Caldwell, NJ 07006
Lightbridge Academy · Retail Property For Sale
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
$7,619,104 CAD
Price Per SF
$718.11 CAD
Cap Rate
6.25%
NOI
$476,193 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.17 AC
Zoning
B-1
Frontage
125’ on Bloomfield Ave
Property Taxes
| Parcel Number | 21-01800-0000-00026 | Improvements Assessment | $2,751,977 CAD |
| Land Assessment | $936,768 CAD | Total Assessment | $3,688,745 CAD |
Property Taxes
Parcel Number
21-01800-0000-00026
Land Assessment
$936,768 CAD
Improvements Assessment
$2,751,977 CAD
Total Assessment
$3,688,745 CAD
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