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Spring Education 279 Egg Harbor Rd

8,403 SF 100% Leased Retail Building Sewell, NJ 08080 £4,824,140 (£574/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 279 Egg Harbor Rd in Sewell, New Jersey. The site consists of roughly 8,403 rentable square feet of building space on estimated 2.38-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 $427,450 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 Centre
Building Size
8,403 SF
Building Class
C
Year Built
1986
Price
£4,824,140
Price Per SF
£574
Net Initial Yield
7%
NOI
£337,690
Percent Leased
100%
Number of Floors
1
Building FAR
0.08
Land Acres
2.38 AC
Zoning
R
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279 Egg Harbor Rd, Sewell, NJ - aerial map view

PROPERTY TAXES

Parcel Number 18-00019-0000-00005-14 Improvements Assessment £371,146
Land Assessment £247,430 Total Assessment £618,576

PROPERTY TAXES

Parcel Number
18-00019-0000-00005-14
Land Assessment
£247,430
Improvements Assessment
£371,146
Total Assessment
£618,576
(332) 345-4222

  • Listing ID: 29633488

  • Date on Market: 27/09/2023

  • Last Updated:

  • Address: 279 Egg Harbor Rd, Sewell, NJ 08080

The Retail Property at 279 Egg Harbor Rd, Sewell, NJ 08080 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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279 Egg Harbor Rd, Sewell, NJ for sale Primary Photo- Image 1 of 4
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279 Egg Harbor Rd, Sewell, NJ for sale Aerial- Image 2 of 4
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279 Egg Harbor Rd, Sewell, NJ for sale Plat Map- Image 3 of 4
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© 2024 CoStar Group

Spring Education | 279 Egg Harbor Rd
(332) 345-4222 x

Spring Education | 279 Egg Harbor Rd

1/5

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(332) 345-4217

(332) 345-4217

Amelia Haydock

(332) 345-2408

(332) 345-2408

Patrick Finn

(332) 345-7297

(332) 345-7297

Joseph Kelly

(332) 345-4315

(332) 345-4315

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