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Views: 104 DOM: 192 Updated: 09.06.24 Posted: 06.12.24 Status: Active

Summary

Price $2,844,000
Built/Renov 2008/2023
Tenant Joybridge Kids
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 16,406
Lease Start 08-30-2023
#Units 9
Price/SF $173.35
Expiration 08-30-2038
Tenant Type Medical/Health
NOI $184,860
R. Term 13.8
Ownership Fee Simple
Rent/SF $11.27
Increases 1.3%/2/yrs
Pop 5Mi 50,154
Lot/AC 1.30
Options 3/5yrs/1.25%
AHHI 5Mi $91,173

Lease Highlights

  • Joybridge Kids has 14 years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 1.25% annual rental increases throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

JoyBridge Kids is strategically located on Commerce Court, with access to 2,110 vehicles passing by daily. The property is surrounded by well-known national tenants, including Lowe’s Home Improvement, Take 5 Car Wash, Mavis Tires & Brakes, Dunkin’, and more. Key community amenities include West Chatham Elementary School, West Chatham Middle School, Bridgewater Community, The Farm at Morgan...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Joybridge Kids
  • Guarantor:Corporate
  • Company:JoyBridge Kids
  • # Units:9
  • Stock:Private

About Tenant

Joy Bridge Kids is a company that serves children with autism spectrum disorder and their families. With a focus on best-in-class clinical quality, their passionate team fulfills their mission...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,428 29,316 58,359
2024 Total Population : 5,941 25,868 53,540
2024 Employed Civilian Pop : 3,214 13,800 26,436
2024 Total Businesses : 72 1,070 2,080
2024 Average Household Income : $ 98,899 $ 111,368 $ 112,596
2024 Total Consumer Spending : $ 196 M $ 1021 M $ 2047 M
2024 Median Age : 38 39 38
2024 Total Households : 2,278 10,498 20,717
2024 Pop Age 25+: Bachelor's Degree : 888 4,005 7,889
2024 Average Home Value : $ 292,972 $ 371,124 $ 363,680
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Quacco Rd Legends Rd 2005 2,170 0.15 mi
South Rogers Street Ashwood Dr 2019 3,730 0.51 mi
Pooler Parkway Sh Morgan Pkwy 2019 22,100 1.00 mi
Pooler Parkway Sh Morgan Pkwy 2018 21,900 1.00 mi
Sonata Cir Acapella Ave 2018 48,800 1.06 mi
Sonata Cir Acapella Ave 2019 50,700 1.06 mi
I- 16 Quacco Rd 2012 37,940 1.11 mi
Pine Barren Road I- 95 2019 4,980 1.17 mi
Pine Barren Road I- 95 2018 4,880 1.17 mi
I- 95 Pine Barren Rd 2012 65,450 1.18 mi

Listing Broker

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