Commercial Real Estate in Rumson available for sale
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NNN Properties for Sale within 10 kilometers of Rumson, NJ, USA

More details for 24 Cherry Tree Farm Rd, Middletown, NJ - Retail for Sale

24 Cherry Tree Farm Rd

Middletown, NJ 07748

  • NNN Property
  • Retail for Sale
  • $1,575,500 CAD
  • 5,879 SF

Middletown Retail for Sale - Eastern Monmouth

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

Contact:

Legacy Commercial Realty, LLC

Property Subtype:

Day Care Center

Date on Market:

2026-03-23
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More details for 1200 State Route 35, Middletown, NJ - Retail for Sale

CVS - 1200 State Route 35

Middletown, NJ 07748

  • NNN Property
  • Retail for Sale
  • $14,933,000 CAD
  • 13,567 SF

Middletown Retail for Sale - Eastern Monmouth

Boston Real Estate Advisors is pleased to present this exclusive opportunity to purchase a net-leased CVS property located at 1200 Highway 35 South in Middletown, New Jersey (the “Property”). There are 19 years remaining on the initial 25-year lease term with 8, five year renewal options. The option periods include a 10% rent increase at the start of each option period. The property is located at a highly visible, 1.9 acre corner parcel at the intersection of Route 35 and New Monmouth Road in a strong retail area. Middletown is located in northern New Jersey and is a part of the New York Metropolitan area. INVESTMENT HIGHLIGHTS: *INITIAL 25-YEAR TERM: There are 19 years remaining on the initial 25-year lease term with 8, five-year renewal options that include a 10% rent increase at the start of each option period. *BUILDING CONSTRUCTION DATE: The building was constructed in 2019. *INVESTMENT GRADE CREDIT: The lease Guarantor is CVS Health Corporation (NYSE: CVS). CVS has a credit rating at BBB+ (S&P) and Baal (Moody’s) *LOCATION: The property is located at a signalized corner parcel at the intersection of Route 35 and New Monmouth Road. *HIGH TRAFFIC COUNTS: Route 35 has an average daily traffic count of over 30,000 vehicles and New Monmouth Road has an average daily traffic count of over 11,000 vehicles. *DEMOGRAPHICS: There are over 50,000 people living within a 3-mile radius to the property with an average household income of over $130,000.

Contact:

Boston Real Estate/Coastline Real Estate Advisors

Property Subtype:

Drug Store

Date on Market:

2023-05-17
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