7 Edgeboro RdEast Brunswick, NJ 08816

  • Specialty properties
  • 20,350 SF
For Sale
$6,000,000 View listing

Property Details for 7 Edgeboro Rd

Year built
2013
Lot size
1.40 AC
Property size (Sq ft)
20,350 SF
Zone code
HC2
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
04 00834- 01-00038
APU
4008340100038

Description

This exceptional investment opportunity presents a 20,350 square foot, single-unit senior day care facility located at 7 Edgeboro Rd, East Brunswick, NJ 08816. The property, built in 2001 with renovations completed in 2004 (including a second-floor addition in 2015), sits on a 1.4-acre lot and boasts 50 parking spaces. Currently operating at 100% occupancy with a strong, established clientele, the property generates a substantial Net Operating Income (NOI) of $330,000, representing a 5.50% cap rate on the $6,000,000 asking price. The sale is structured as an absolute NNN leaseback, offering a secure, passive income stream for the buyer. The building features a 9-foot ceiling height and is zoned HC2. Its prime location, seconds from Route 18 and a mile from the New Jersey Turnpike, ensures high visibility and accessibility. The seller may consider a sale as a vacant building. This turnkey operation presents a rare opportunity to acquire a high-performing asset in a desirable location with significant upside potential. The property's strong financials, coupled with its strategic location and the potential for a vacant sale, make it an attractive investment for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,288,762
    6.5%
    $3,035,781
    7%
    $2,818,939
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,057,771
    Geo Method
    $3,057,771
  • Alternative Use

    Use
    Valuation
    Residential
    $3,851,016
    Hospitality
    $3,527,510
    Educational
    $2,934,847
    Medical
    $3,035,781
    Retail
    $4,565,318
7 Edgeboro Rd, East Brunswick, New Jersey

Location Insight

City
East Brunswick
County
Middlesex
State
New Jersey
Latitude
40.4634
Longitude
-74.4013
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$75,628
$42,000
$608,000
$650,000
-
$42,000
$608,000
$650,000

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