24 Cherry Tree Farm Rd 5 879 pi² Commerce de détail Immeuble Middletown, NJ 07748 1 631 999 $ CAD (277,60 $ CAD/pi²) 6,30% Taux de capitalisation

Located in a well-positioned commercial corridor of Middletown, 24 Cherry Tree Farm Road offers a turnkey investment opportunity with immediate and stable income. The property is fully leased long-term to an established daycare operator, providing reliable cash flow and reduced vacancy risk for investors.
The building is well-suited for childcare operations, with functional interior space designed to accommodate classrooms, activity areas, administrative offices, and support facilities. The site offers ample outdoor space and parking, enhancing its suitability for daycare use and reinforcing tenant stability.
24 Cherry Tree Farm Road represents a strong, income producing commercial property backed by an essential-service tenant — an attractive addition to any investment portfolio seeking dependable performance in the Middletown market.
KEY HIGHLIGHTS:
- Prime Commercial Location Situated at 24 Cherry Tree Farm Road within a well-established commercial corridor serving surrounding residential neighborhoods.
- Stable, Fully Occupied Asset Fully occupied by an established daycare operator, providing immediate and stable cash flow with secured tenancy that offers predictable income and reduced vacancy risk.
- Resilient Childcare Demand Childcare use supports resilient demand driven by local families and workforce needs, benefiting from nearby residential density and continued growth in childcare services.
- Functional Layout & Site Improvements Interior layout designed for classrooms, activity areas, administrative offices, and support space, complemented by generous site improvements that enhance operational efficiency and long-term tenant stability.
PROPERTY FACTS:
Gross Leasable Area: 5,879 SF Year Built: 1933 with multiple renovations over the years Acreage: 6.38 (estimated 2 usable acres) Number of Stories: 2 Tenants: 1 (100% occupied) Use: Daycare Center Parking Spaces: 27 Utilities/Systems:
» Electricity: The site is served by public electricity
» Sewer: Public
» Water: City water
» Natural Gas: Gas
» Heating: Gas fired forced warm air
» Cooling: Central air conditioning Zoning: The usable land area is in the R-O Residence and Office Zone Residence Zone: Medium Density
LEASE DETAILS:
Term: New Seven (7) year lease to commence at closing Type: Modified Gross + Utilities Annual Increases: Fixed