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33466136
33466144

101 U.S. 206, Flanders, NJ 07836

MG
PA RS287470
CBRE - Philadelphia Suburban
MS
PA RS297166
CBRE - Philadelphia Suburban
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban
$3,284,000
1 day on market
Updated 1 day ago

Bright Horizons Child Care | Mt. Olive, NJ

Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 8,830
Cap Rate 7.25%
NOI $238,158
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 27.9
Lease Expiration 07/31/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options 1x5 years
Price per SqFt $372
Year Built 2005
Buildings 1
Stories 2
Acreage 1.400
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/10/2003
Occupancy Date 09/10/2003
Ground Lease No
Ownership Fee Simple

Annual Rental Increases | Corporate Guaranty | Affluent New Jersey Location | 7.25% Cap Rate

Marketing description

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bright Horizons Family Solutions childcare facility located in Flanders, New Jersey, within the affluent and established Morris County market. The property is leased to Bright Horizons Children’s Centers LLC under a long-term corporate guaranteed NNN lease structure with more than five (5) years remaining in the initial term and attractive annual rental increases equal to the lesser of 1.75% or CPI growth. The asset is being offered fee simple and provides investors with durable cash flow backed by one of the nation’s premier early education operators

Investment highlights

LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN RENT GROWTH The property is leased to Bright Horizons Children’s Centers LLC under a long-term corporate guaranteed NNN lease structure with more than five (5) years remaining in the initial term and one additional five-year renewal option. The lease features attractive annual rental increases equal to the lesser of 1.75% or CPI growth, providing investors with durable cash flow and contractual income growth throughout the lease term.

DOMINANT ROUTE 206 RETAIL CORRIDOR LOCATION The property occupies a highly visible position along Route 206 (31,000+ VPD) within Mount Olive’s primary commercial corridor, directly adjacent to The Gardens shopping center, a dominant regional retail destination attracting approximately 5 million annual visits annually (Placer.ai). The immediate trade area is anchored by a strong lineup of national retailers and restaurants including Walmart, Lowe’s, TJ Maxx, HomeGoods, Michaels, PetSmart, Five Below, Chipotle Mexican Grill, Panda Express, Panera Bread, McDonald’s, and Wendy’s, driving consistent consumer traffic throughout the corridor.

ESTABLISHED FAMILY-ORIENTED NORTHERN NEW JERSEY SUBMARKET The asset serves an affluent and established Morris County trade area supported by strong household incomes, stable residential density, and continued suburban housing growth. Average household incomes exceed $195,000 within one mile and $158,000 within five miles, with nearly 80,000 residents located within a five-mile radius. The surrounding community is characterized by family-oriented residential neighborhoods and strong long-term demand drivers for childcare and early education services.

REGIONAL ACCESSIBILITY WITH STRONG COMMUTER TRAFFIC Located less than one-half mile from Interstate 80, the property offers exceptional regional connectivity throughout Northern New Jersey and the broader Interstate 80 corridor. Combined traffic counts along Route 206 and nearby Interstate 80 exceed 130,000 vehicles per day, providing outstanding visibility and convenient access for commuter-oriented families and employees throughout the market.

LOCATED WITHIN AN EXPANDING RESIDENTIAL GROWTH POCKET The Mount Olive/Flanders submarket continues to experience ongoing residential expansion fueled by multifamily development, new single-family housing communities, and broader employment growth throughout Northern New Jersey’s logistics and distribution network. Several nearby residential projects, including Village Green Apartments, Parc at Roxbury, Overlook at Flanders, and multiple Ryan Homes communities, are expected to further increase household formation and support future childcare demand within the immediate trade area.

PURPOSE-BUILT CHILDCARE FACILITY WITH STRONG REAL ESTATE FUNDAMENTALS Originally developed in 2005, the property consists of an 8,830-square-foot purpose-built childcare facility situated on a 1.40-acre parcel. The site offers dedicated parking, efficient ingress/egress, and strong frontage along one of the area’s primary commercial corridors, positioning the asset for long-term operational success and continued tenant demand.

Listing Contacts

MG
PA RS287470
CBRE - Philadelphia Suburban
MS
PA RS297166
CBRE - Philadelphia Suburban
CBRE - Philadelphia Suburban
Listed by CBRE - Philadelphia Suburban

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$238,157.64
$19,846.47/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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