Lightbridge Academy

400 Wynwood Drive, Monmouth Junction, NJ 08852

$4,100,000

Cap Rate 6.49%

Views: 79 DOM: 223 Updated: 07.26.24 Posted: 02.06.24 Status: Contract

Summary

Price $4,100,000	Built/Renov 2019	Tenant Lightbridge Academy
Cap Rate 6.49%	Lease Type NN+	Guarantor Corporate
Size/SF 10,600	Lease Start 04-01-2020	#Units 150
Price/SF $386.79	Expiration 03-31-2036	Tenant Type Daycare/Education
NOI $265,977	R. Term 11.6	Ownership Fee Simple
Rent/SF $25.09	Increases 2.3%/1/yrs	Pop 5Mi 115,031
Lot/AC 1.84	Options 2/5yrs/2.25%	AHHI 5Mi $166,067

Alan Cafiero

Marcus & Millichap

Contact

Lease Highlights

Lightbridge Academy has 12+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 2.25% annual rent increases throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Lightbridge Academy is strategically located in a prominent position along US Highway 1, providing access to a significant daily traffic count of 60,240 vehicles. It is conveniently adjacent to Home Depot. In the vicinity, there are several well-known national retailers such as Home Depot, Target, Dunkin', 7-Eleven, Aldi, Chase Bank, CVS, Harbor Freight, Popeye's, and Taco Bell. The 5-mile...

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Key Features

Build to suit
High traffic 50M+ VPD
Near major nationals
Highway location
Top 100 MSA
Strong demographics
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Lightbridge Academy Wikipedia Monmouth Junction, New Jersey Zip Code 08852 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Lightbridge Academy
Guarantor:Corporate
Company:Lightbridge Academy
# Units:150
Stock:Private

About Tenant

Lightbridge Academy is a national leading provider of early education and child care services for children aged six weeks through kindergarten. Their academies offer Infant, Toddler, Preschool,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,424	42,519	114,490
2023 Total Population :	6,595	43,188	115,545
2023 Employed Civilian Pop :	3,531	24,028	63,733
2023 Total Businesses :	134	1,191	3,577
2023 Average Household Income :	$ 164,301	$ 187,503	$ 181,707
2023 Total Consumer Spending :	$ 329 M	$ 2332 M	$ 6435 M
2023 Median Age :	41	40	39
2023 Total Households :	2,398	14,928	42,357
2023 Pop Age 25+: Bachelor's Degree :	1,870	12,313	29,793
2023 Average Home Value :	$ 598,051	$ 568,728	$ 575,502

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Brunswick Pike	Whispering Woods Blvd	2018	61,212	0.11 mi
Brunswick Pike	Greenview Rd	2017	60,248	0.28 mi
Monmouth Junction Road		2019	14,757	0.41 mi
US Hwy 1	Greenview Rd	2013	62,111	0.44 mi
Promenade Blvd	Oxmoor Ln	2013	16,857	0.45 mi
New Road		2018	1,486	0.60 mi
New Road		2019	8,821	0.64 mi
US Hwy 1	Raymond Rd	2014	59,060	0.71 mi
Stouts Ln	Palladio Ct	2018	1,486	0.76 mi
New Road	Wheeler Rd	2020	8,491	0.84 mi

Listing Broker

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