Philadelphia, Pennsylvania - Our Net Lease Properties information today is on a very unique net lease property Tenant. This unique net leased property Tenant is the Kiddie Academy. This NNN Lease Property Tenant is in the Day Care Facility - Nursery sector of retail NNN Tenants. This triple net lease property is located at 2908 Route 130, in Delran, New Jersey with 08075 as the zip code. Delran, New Jersey is only 14.5 Miles to the Philadelphia, Pennsylvania metropolitan statistical area (MSA). We wonder if the local residents are fans of the Flyers or the New Jersey Devils.
This New Jersey triple net leased property sold for $2,8 Million. The Kiddie Academy NNN Lease Property was being marketed for the price of $2,850,000. So as we noted last week, many retail NNN Lease Properties are being sold for the asking price or very close to it. This NNN property leased to Kiddie Academy Cap was also marketed with a 9% Cap Rate, which is very respectable for triple net lease properties. The Buyer of this New Jersey Triple Net Leased Property is a local private investor. Triple Net lease Investments are suitable for a lone private investor or a joint venture of 2-3 investors. We get requests periodically for a (JV) Joint Venture partner on NNN Properties and 1031 Exchange replacement property.
This triple net lease property is approximately 10,436-square feet for the Kiddie Academy NNN Tenant to use 100% of the structure. This New Jersey NNN Lease Investment was built in 2008. This triple net leased property was a build to suit for the NNN Property Tenant, Kiddie Academy. The criteria for a Kiddie Academy franchise is that they require a minimum personal financial statement of $150 K liquidity and $450 K of net worth. The investment range for a franchisee is approximately $442,000 to $765,000 for a build to suit lease on a triple net leased property. Also the franchisee can go up to $3.7M for a land and building purchase.
This single tenant net lease property (STNL) is a one story building. This triple net lease property is situated on a Lot which is approximately 1.41 acres. New Jersey NNN Commercial Real Estate Investment Specialists helped procure the sale of this property. The NNN Lease Property seller was a Midwest commercial real estate developer. We are not informed if there was any assumable Net Lease Funding on this Property.
While this NNN Lease Property has the intended use to house a state of the art day care facility, this structure was designed architecturally to be extremely versatile. The NNN Lease Property structure is easily adaptable to meet the most stringent of uses for retail use or office building use. Apparently this is the NNN Property tenant's only location, however Kiddie Academy Corporate provides a wealth of support services for all of their franchisees, new and old. The Triple Net Lease Property tenant is encumbered with an original 15 year triple net lease with 3% annual bumps in the rental rate. As of the NNN Lease Investments closing, there were about 14 years left on the triple net lease.
The Tenant at this NNN Lease Property has met all the requirements for Kiddie Academy. Currently, Kiddie Academy has more than 100 franchisee operated stores under their umbrella as well as 4 Company owned businesses. Kiddie Academy has been in the education based child care service industry since 1981. Kiddie Academy is currently a leading family child care provider. Specifically, they focus on educationally focused childcare. Since they started their first academy more than 30 years ago, Kiddie Academy has experienced enormous growth, with academies coast to coast.
This NNN Lease Investment is a prime site for a high-end day care facility. This Triple Net Lease Property is strategically situated on the main retail business thoroughfare within Delran. This NNN Lease Property sits on Route #130, which is also known as Burlington Pike. The New Jersey NNN Property should thrive with a population within a five mile radius that exceeds 250,000. Also another primary point for this retail triple net lease property is that the median household income in the vicinity exceeds $75,543.
We specialize in providing Triple Net Lease Properties to investors who are involved in a 1031 Exchange or a sale-leaseback transaction.
If you are ready to purchase Commercial Real Estate or a Triple Net Leased Property, you can apply for Commercial Loans at one of suggested Brokers.
Arlington • Atlanta • Austin • Baltimore • Birmingham • Boise • Boston • Brooklyn • Buckhead • Central Illinois • Charlotte • Charlotte Uptown • Chicago • Chicago Downtown • Cincinnati • Cleveland • Clinton • Coral Gables • Columbia • Columbus • Dallas • Denver • Des Moines • Detroit • Encino • Ft. Collins • Ft. Lauderdale • Ft. Worth • Grand Rapids • Honolulu • Houston • Indianapolis • Jackson • Jacksonville • Kansas City • Koreatown • Lafayette • Las Vegas • Little Korea • Little Rock • Long Beach • Los Angeles • Louisville • Madison • Manhattan • Memphis • Miami Beach • Milwaukee • Minneapolis • Nashville • New Haven • New Jersey • New Mexico • Newport Beach • North Beach • Oak Brook • Oakland • Oklahoma City • Omaha • Ontario • Orlando • Palm Beach Gardens • Palo Alto • Philadelphia • Phoenix • Pittsburgh • Portland • Providence • Raleigh • Reno • Reston • Sacramento • Salt Lake City • San Antonio • San Diego • San Francisco • Santa Fe • St. Louis • Seattle • St Petersburg • Tampa Bay • Troy • Tucson • Vero Beach • Washington, D.C. • West Los Angeles • West Palm Beach • Williamsburg • Yonkers
Bookmark & Share
