Listed by SURMOUNT
$5,368,856
Lightbridge Academy
Details
Property Type Special Purpose
Sub Type Child care
Square Footage 10,610
Cap Rate 6.25%
NOI $335,553
Occupancy 100%
Tenancy Single
Brand/Tenant Lightbridge Academy
Lease Type NNN
Lease Term 20
Lease Expiration 11/30/2042
Remaining Term 16
Rent Bumps Yes
Lease Options 4,5-Years Options
Year Built 2014
Acreage 1.170
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/21/2022
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Lightbridge Academy located at 1104 Bloomfield Avenue, West Caldwell, NJ 07006. The site consists of roughly 11,400 rentable square feet of building space on an estimated 1.14-acre parcel of land. Lightbridge Academy is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2022. The current annual rent is $335,553 and has scheduled increases of 2.00% Annually.
Investment highlights
- Corporate Guarantee for Full Term | The lease is guaranteed by New Jule Holding LLC, a proven childcare operator with a strong track record. The corporate guaranty remains in place for the full 20-year term of the lease, providing investors with long-term security and income stability backed by a well-capitalized and experienced operator.
- Strong Surrounding Demographics | The property benefits from a dense and growing consumer base, with approximately 49,500 residents within a 3-mile radius and over 171,000 residents within a 5-mile radius.
- Proximity to Top-Rated Schools Reinforces Family Demand | West Caldwell is served by the West Caldwell-Caldwell school district, consistently ranked among the top districts in Essex County. This draws and retains high-income families with young children.
- Dense Commuter Demographic | West Caldwell is a premier NYC community located approximately 16 miles west of Manhattan, with NJ Transit bus service providing direct access to Port Authority. The concentration of working parents in the surrounding trade area creates sustained demand for full-day year-round childcare programs.
- Affluent Surrounding Community | The property is situated within an exceptionally wealthy trade area, with an average household income of $169,900 within a 1-mile radius and $172,500 within a 3-mile radius.
- Strong Retail Corridor | The property is strategically positioned along a thriving retail corridor anchored by national tenants including Home Depot, Stop & Shop, Panera Bread, Chipotle, Starbucks, Wendy's, Burger King, Chase Bank, and more.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,553.00
$27,962.75/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
R-4 ResidentialSingle FamilySingle Family Residence
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View all 41 uses Last updated Feb 17, 2026 For deeper zoning details, reports are available at Zoneomics
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