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Cosmic Education 1246 US-206 9,335 SF Retail Building Bridgewater, NJ 08807 $9,021,831 CAD ($966.45 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term corporate net lease featuring 2% annual rental increases
- Lease features a full-term corporate guaranty from tenant’s parent company
- High income trade area – average household incomes of $181,902 within a 3-mile radius of the subject property
- Tenant installed new HVAC & roof as part of TIs
- Bridgewater Township, NJ, is an idyllic suburban enclave located 41 miles from New York City
- Prominent retailers in the direct trade area include Walmart Supercenter, Whole Foods, Target, Costco, Wegmans, and Marshalls
EXECUTIVE SUMMARY
Over 16 years remaining on a corporate Cosmic Education lease that features 2% annual rental increases throughout the base term and option periods. The subject property is located in Bridgewater Township, an affluent suburban community in Central New Jersey and significant commuter town of the greater NYC metropolitan area - 30 minutes from NYC & 1 block away from the Four Seasons Hotel.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,335 SF
Year Built/Renovated
2000/2022
Price
$9,021,831 CAD
Price Per SF
$966.45 CAD
Cap Rate
7.50%
NOI
$676,621 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.18 AC
Zoning
C-3A
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-00601-0000-00002 | Improvements Assessment | $2,884,362 CAD |
| Land Assessment | $392,011 CAD | Total Assessment | $3,276,374 CAD |
PROPERTY TAXES
Parcel Number
06-00601-0000-00002
Land Assessment
$392,011 CAD
Improvements Assessment
$2,884,362 CAD
Total Assessment
$3,276,374 CAD
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Cosmic Education | 1246 US-206
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