Neptune , New Jersey
10 Years Remaining
17,000 Sq. Ft,
- Brand New 10 Year Lease
- Attractive 3% Annual Rent Increases
- High Yield with a Stable Government Funded Tenant
- High Traffic Location – 18,997 VPD
- Strong Demographics – Over 133k People Residing within 5 Miles
- Located on a Hard Corner with Excellent Visibility
Marcus and Millichap is pleased to exclusively present an 17,000 square foot Acelero Learning in Neptune, NJ. The property is subject to a brand new 10 year lease with two 5-year options. The lease calls for attractive 3% annual rent increases. The property is being offered at a 7.25% cap rate.
Acelero Learning is a private corporation solely dedicated to providing Head Start programing for the US Department of Health and Human Services. They are a pioneer provider of early childhood education and family engagement services, all of which are focused on closing the Achievement Gap for thousands of Head Start children and families across the country. With over $50 million in revenue and unparalleled child outcomes, they are both one of the largest and most innovative companies in their space. Acelero Learning was founded in 2001 and operates 44 locations across New Jersey, Pennsylvania, Nevada, and Wisconsin.
The subject property is situated on a hard corner with excellent visibility and 18,997 vehicles per day. There are many national retailers nearby including Stop and Shop, ALDI, McDonald’s, Taco Bell and more. The area is very densely populated with more than 133k people residing within 5 miles. The average household income in the area is $59,533.