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Views: 67 DOM: 87 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 13.12
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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Listing Broker

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