OFFERING SUMMARY:

137 Jackson Rd
Medford Township, NJ 08055

PRICE: $1,805,000
CAP RATE: 6.40%
BUILDING SIZE: 7,000 Sq Ft
   1ST FLOOR: 3,500 Sq Ft
   2ND FLOOR: 3,500 Sq Ft
NOI: $115.500
YEAR BUILT: 1998
LOT SIZE: +/- 1.90 Acres

DOWNLOAD DOCUMENT:

MARKETING PACKAGE

HIGHLIGHTS:

  • Corporate Guarantee from Learning Care Group (1,000-Plus Units Nationwide)
    Learning Care Group, Incorporated is the second-largest for-profit child care provider in North America and a leader in early education. Our programs are designed for children aged six weeks to 12 years. Across our seven unique brands, we’re committed to creating state-of-the-art facilities with the latest technology and expert-driven curricula created by our own education team.
  • New Seven-Year Lease Extension
    Childtime recently extended their lease for an additional seven years and 11 months (commencing February 1, 2023), showing a long-term commitment to this location. The lease calls for an increase in year five of 10%, offering an important hedge against inflation and built-in increase to NOI.
  • Affluent Philadelphia Suburb – One-Mile AHHI Exceeds $170,000
    Located just 20 miles and less than 30 minutes from downtown Philadelphia, Medford has a bustling village area, where unique shops and restaurants line our original and historic “Main Street.” The residential areas in Medford have been created with respect for the woodlands, streams and lakes surrounding us. Homes of log cabins, Victorian estates and contemporary facades dot the landscape. Dedicated open space, private camps, bike paths and sidewalks allow for many recreational activities.
  • Demand for Child Care Remains Extremely Strong
    The early education and daycare segment dominated the U.S. child care market and accounted for the largest revenue share in 2019. This is owing to an increasing number of daycare and early education centers in the country. The demand for early education is growing rapidly as around 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten respectively in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers; and an increase in the number of women employment.

EXCLUSIVELY LISTED BY:

DOMINIC SULO
Senior Vice President Investments
Senior Director, Net Lease Properties Division
(630) 570-2171
dominic.sulo@marcusmillichap.com

Co-Listed With:
CHAD LIEBER
First Vice President

NEW JERSEY BOR
John Horowitz
Lic #2192359