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101 US Highway 206
Flanders, NJ 07836

$3,284,000 USD

Daycare Center For Sale  •  8,830 SF

Property Details

  • Property Type Daycare Center
  • Total Building Size 8,830 SF
  • Lot Size 1.4 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning B-2
0 Transit Score
30 Walk Score

Highlights

Long-term corporate-guaranteed NNN lease to Bright Horizons with 5+ years remaining and a five-year renewal option.
Built-in annual rent increases of the lesser of 1.75% or CPI, providing contractual income growth.
Prime location along Route 206 (31,000+ VPD), adjacent to The Gardens shopping center with approximately 5 million annual visits.
Surrounded by major national retailers including Walmart, Lowe’s, TJ Maxx, HomeGoods, PetSmart, Chipotle, and McDonald’s.
Affluent Morris County demographics with average household incomes exceeding $195,000 within one mile and nearly 80,000 residents within five miles.
Excellent accessibility less than 0.5 miles from Interstate 80, with combined traffic counts exceeding 130k VPD and continued residential growth.
Cap Rate: 7.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Bright Horizons 7/31/2031

Public Transportation

Commuter RailDriveWalkDistance
Netcong (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 3 min - 1.5 mi
Mount Olive (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 7 min - 3.4 mi
AirportDriveWalkDistance
Newark Liberty International 48 min - 38.4 mi
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.