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SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased,
freestanding, corporate guaranteed, The Learning Center investment property located in Bound Brook (Bridgewater), New Jersey. The tenant recently executed a brand new 15-year lease with 2 (5-Year) option periods to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and heading against inflation. The lease is also corporate guaranteed by The Learning Experience Corporation for the first 5 years. Additionally, the lease is NNN with landlord responsibilities limited to roof and structure. The brand new 2018 construction was completed using high-quality materials and includes an enclosed playground.
The Learning Experience is strategically located on U.S. Highway 22 (44,500 VPD), a major commercial thoroughfare for the state of New Jersey. Somerset County has the highest educational attainment and is the 3rd wealthiest county in New Jersey. The 5-mile trade area is supported by a population of more than 108,000 residents and 104,000 employees. The 1-mile area has an affluent average household income of $136,634, which is the ideal target demographic for any daycare brand.
Corporate Guaranteed | New 15-Year Lease | Options To Extend | Scheduled Rental Increases
NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Brand New 2018 Construction
U.S. Highway 22 (44,500 VPD) | Primary Thoroughfare
High Educational Attainment | Affluent Trade Area | Ideal Target Market