The Learning Experience | Long-Term Lease
2019 Build | 0.5 Mi from Netflix's New $1B Campus
Marketing description
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.
Investment highlights
Prime Investment Opportunity | Long-Term NN Lease with 14+ Years of Term Remaining | 10% Rental Increases Every 5 Years & at the One, 5-Year Option | Minimal Landlord Responsibilities | Built in 2019
Best-in-Class Tenant | Fastest-Growing Childcare Brand with 700+ Centers Open, Planned or Under Development in 36 States & Internationally
Strong Demographics | High-Density, Affluent Submarket in the New York-Newark-Jersey City MSA | Population Exceeds 152,000 within a 5-Mile Radius
Right by Netflix’s New $1 Billion Studio Campus | Less than 0.5 Miles from Netflix’s New $1 Billion Campus | 300-AC Site with 12 Sound Stages Totaling 500,000+ SF | Over 1 Million SF of Production & Support Space | Creating1,400+ New Jobs
Strategic Location Near Monmouth Mall Redevelopment | 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, New Medical Offices, & a Whole Foods Anchor
High-Growth Corridor of Monmouth County | Nearly Adjacent to the Fort Monmouth Redevelopment | In Addition to the Netflix Campus, Redevelopment Plans Include 1,585+ of New Housing Units & 1.75 Million SF of Commercial Space
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