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120 Wells Ave
Newton, MA 02459 Oak Hill

$12,571,000 USD

Daycare Center For Sale  •  14,230 SF

Property Details

• Property Type Daycare Center
• Total Building Size 14,230 SF
• Lot Size 1.15 AC
• Building Class B
• Year Built 1982
• Cap Rate 7.00 %
• Tenancy Single
• Zoning LMD, Newton

19 Transit Score

33 Walk Score

Highlights

TRUE PASSIVE OWNERSHIP WITH ABSOLUTE NNN LEASE

NEW LONG-TERM LEASE

CONSISTENT ANNUAL RENT INCREASES PROTECT PURCHASING POWER

STRONG DEMAND FOR EARLY EDUCATION ASSETS IN GREATER BOSTON

PRIME LOCATION NEAR BOSTON’S ECONOMIC CORE

Property Flyers

Newton MA - Celebree School OM - compressed

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Akwa Vista LLC
Beliveau David M Law Office
Cannascribe Wellness Of Massachusetts
Celebree School		9/24/2035
Edward A Shapiro PC
Financial Planning Solutions LLC
Innovative Real Estate Investments
Robbins Property Associates LLC
Southworth Development Llc
Tufts Associates

Public Transportation

Commuter Rail	Drive	Walk	Distance
Needham Heights (Needham Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	6 min	-	2.3 mi
Hersey (Needham Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	8 min	-	3.5 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	29 min	-	14.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	43
Type:	Surface
Included in Rent:	Yes