For Sale
$4,667,000
70 Old Bloomfield Ave Parsippany-Troy Hills, NJ 07054
NJ Daycare Center, 7% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Rare single-tenant daycare center in Parsippany, NJ.
- Corporate guarantee from BrightPath Kids, a major North American childcare provider.
- Long-term lease (expires 11/30/2038) with 2.5% annual rent increases.
- 1.69-acre lot with 41 parking spaces.
- Excellent location with easy access to Interstates 80, 280, and Route 46.
- Strong demographics: Average household income over $278,000 within 1 mile, population over 55,000 within 3 miles.
Property Details for 70 Old Bloomfield Ave
- Property type
- Day care centers & nurseries, Retail properties
- Year Built
- 2014
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 73,616 SF
Location Insight
- City
- Parsippany-Troy Hills
- County
- Morris
- State
- New Jersey
- Latitude
- 40.8595581
- Longitude
- -74.3499233
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Day care center & nursery - NJ Daycare Center, 7% Cap Rate
- Where is the day care center & nursery located?
- The property is located at 70 Old Bloomfield Ave Parsippany-Troy Hills, NJ.
- What is the asking price?
- The asking price for this property is $4,667,000.
- What are key features of this property?
- This property features: Rare single-tenant daycare center in Parsippany, NJ.; Corporate guarantee from BrightPath Kids, a major North American childcare provider.; Long-term lease (expires 11/30/2038) with 2.5% annual rent increases.
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