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94 Broad St
Eatontown, NJ 07724
The Learning Experience · Retail Property For Sale
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,000 SF
Building Class
B
Year Built
2019
Price
$6,931,622 CAD
Price Per SF
$693.16 CAD
Cap Rate
7%
NOI
$485,172 CAD
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
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 12-01002-0000-00007 | Improvements Assessment | $6,595,033 CAD |
| Land Assessment | $583,998 CAD | Total Assessment | $7,179,032 CAD |
PROPERTY TAXES
Parcel Number
12-01002-0000-00007
Land Assessment
$583,998 CAD
Improvements Assessment
$6,595,033 CAD
Total Assessment
$7,179,032 CAD
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