The Learning Experience – Parsippany, NJ

Tenant

The Learning Experience

Location

Parsippany, NJ

Price

$3,902,245

CAP Rate

7.75%

NOI

$302,424

Lease Term

15 Years

Occupancy

100%

Building Size

10,438 SF

Property Type

Single Tenant

Year Built

2003

Lot Size

1.53 Acres

Status

Available

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

  • NNN Lease. Limited landlord responsibilities.
  • Great Demographics: Over 139K People Within a 5 Mile Radius
  • Average Household Income Exceeds $145k within 5 Miles
  • Subject Property is Surrounded by national tenants such as Blink Fitness, Bank of America, Marshalls, Dole Corporate Campus, Dunkin Donuts and many more!

Marcus & Millichap is pleased to exclusively present for sale a NNN Learning Experience child care facility in Parsippany, NJ. The subject property has a little under 2 years remaining on the base term with 2 5-year options. The lease calls for rent increases throughout the base term and options of 8% every 5 years. Landlord responsibilities are limited to roof and structural repairs and playground replacement.

 

The Learning Experience┬«, with more than 300 centers operating or under development, is one of the nation’s fastest-growing Academies of Early Education for children from ages six weeks to six years old. The Learning Experience has generated double-digit annual growth for the past 15 years, making it a clear leader in the early childhood education sector. For nearly 20 years, The Learning Experience has provided the foundation necessary for children to succeed in preschool, kindergarten, and beyond.