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Spring Education 1560 Bradford Rd

5,321 SF Retail Building Wayne, PA 19087 £4,691,790 (£882/SF) 7% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Existing Lease in Place with Spring Education That Will Reset to 20 Years Upon Close of Escrow
  • Corporate Guarantee from Spring Education Group
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

EXECUTIVE SUMMARY

NNN Pro Group is pleased to present the exclusive listing for a Chesterbrook Academy located at 1560 Bradford Rd in Wayne, Pennsylvania. The site consists of roughly 5,321 rentable square feet of building space on estimated 5.00-acre parcel of land. This Chesterbrook Academy is subject to an existing NNN lease in place with Spring Education that will reset to 20 years upon close of escrow. The current annual rent is $400,934 and is scheduled to increase by 3% annually throughout the base term and in each of the 4, 5-year renewal options.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
5,321 SF
Building Class
B
Year Built
1981
Price
£4,691,790
Price Per SF
£882
Net Initial Yield
7%
NOI
£328,425
Tenancy
Single
Number of Floors
2
Building FAR
0.02
Lot Size
5.00 AC
Zoning
OA
1 of 1
1560 Bradford Rd, Wayne, PA - AERIAL map view

NEARBY MAJOR RETAILERS

Citizens Bank
PNC Bank

PROPERTY TAXES

Parcel Number 43-005-0026.28A0 Improvements Assessment £519,660
Land Assessment £159,058 Total Assessment £678,718

PROPERTY TAXES

Parcel Number
43-005-0026.28A0
Land Assessment
£159,058
Improvements Assessment
£519,660
Total Assessment
£678,718
(332) 345-4222

CONTACTS

  • Listing ID: 29634124

  • Date on Market: 27/09/2023

  • Last Updated:

  • Address: 1560 Bradford Rd, Wayne, PA 19087

The Retail Property at 1560 Bradford Rd, Wayne, PA 19087 is currently available for sale. Contact NNN Pro Group for more information.

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Spring Education | 1560 Bradford Rd
(332) 345-4222 x

Spring Education | 1560 Bradford Rd

1/5

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(203) 253-9455

(203) 253-9455

Amelia Haydock

(332) 345-2408

(332) 345-2408

Patrick Finn

(332) 345-7297

(332) 345-7297

Joseph Kelly

(602) 478-4708

(602) 478-4708

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