Listed by Marcus & Millichap - New Jersey
$6,254,000
Cosmic Education
Details
Property Type Special Purpose
Sub Type School
Square Footage 9,335
Units 1
Cap Rate 7.75%
NOI $484,713
Tenancy Single
Lease Type NN
Lease Expiration 08/31/2042
Year Built 2000
Year Renovated 2021
Acreage 1.180
Parking Spaces 26 spaces
Parking Per SqFt 2.79
Investment Type Net Lease
Lease Commencement 02/06/2022
Ground Lease No
About This Property
Marketing description
Marcus & Millichap is pleased to exclusively present 1246 US-206, Bridgewater, Somerset County, New Jersey.
Investment highlights
- Long-Term NN Lease – Over 16 Years Remaining with Zero Landlord Management Responsibilities Beyond Roof, Structure, and HVAC.
- 2% Annual Rent Increases – Steady, Predictable Income Growth Baked into the Lease Through the Base Term and all Four Option Periods.
- Corporate Guaranty – Lease Backed by a Global Education Corporation with Over 100 Schools Across Over Five Regions.
- Newly Renovated (2021) – New Roof and HVAC System Installed.
- Affluent Bridgewater Trade Area – One of Somerset County’s Most Desirable Markets, with High-Income, Family-Dense Demographics Directly Driving Enrollment Demand.
- Rapidly Expanding Global Platform – Cosmic Education has Scaled to Over 100 Schools Across Over Five Regions Worldwide, Demonstrating a Well-Capitalized, Growth-Oriented Organization.
- Surrounded by National Credit Tenants – Located Along the Route 202/206 Corridor near Bridgewater Commons Mall, Whole Foods, Target, Costco, and Home Depot.
Listing Contacts
Listed by Marcus & Millichap - New Jersey
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$484,713.00
$40,392.75/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
Map
Zoning
C-3A CommercialOfficeLimited Office
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 7 uses
View all 7 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
