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Lightbridge Academy - 181 Mt Bethel Rd, Warren, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $5,521,600

  • 11,600

  • 6.00%

  • NOI :

  • Acres :

  • $331,296

  • 1.54

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • Brand new (under construction) Lightbridge Academy childcare center located in Warren, Somerset County, New Jersey – Estimated grand opening Summer 2022
  • New 15-Year lease with 2% annual rent increases
  • Corporate guaranty for the first five (5) years of the lease and a personal guaranty from the franchisee for the entirety of the lease
  • Minimal landlord responsibility – see next page
  • 30-year transferrable roof warranty
  • Over 1.5 Million SF of office and flex space within two (2) miles or less from the subject property with national tenants including Bristol Meyers, Cellco, and Everest
  • Excellent location at the signalized intersection of Mount Bethel Road and Mountainview Road with rear frontage on King George Road
  • Located directly across from the Warren campus of the Morris-Union Jointure Commission (developmental center for those with autism or autistic-like behavior)
  • Easy access to I-78, I-287, and Route 22
  • Tremendous demographics with over 137,000 people within 5 miles and a one-mile annual household income over $279,000

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