The Learning Experience Day Care
1 Whippany Road, Morristown, NJ 07960
For Sale
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A 20-year double-net lease began July 1, 2024, with scheduled rent increases every five years.
Property Size11,900 SF
Lot Size1.33 Acres
Price / SF$676.92
Days on Market34
Property Features for 1 Whippany Road
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
The Learning Experience day care property includes 11,900 rentable square feet on a 1.33-acre parcel in Morristown, New Jersey. The facility is subject to a 20-year Double Net (NN) lease that commenced July 1, 2024. The lease provides for rent increases of 10% every five years.
Key Highlights
- 11,900 rentable square feet on a 1.33‑acre parcel
- The Learning Experience day care facility in Morristown, New Jersey
- 20‑year Double Net (NN) lease commenced 7/1/2024
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 07960, NJ
45,609
Population
18,978
Households
2.4
Avg Household Size
40
Median Age
68%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
1,318
Density / Sq Mi
$149,462
Median Household Income
$75,266
Median Earnings
$2,173
Median Rent
$701,100
Median Home Value
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Similar Off Market Nearby
- Primrose School of Morristown — 204 Madison Ave, Morristown, NJ 07960
- Little Learner Academy — 6 Kahn Rd, Morristown, NJ 07960
- Children's Garden Preschool — 146 Madison Ave, Morristown, NJ 07960
Frequently Asked Questions
What type of property is this?
Day care center - A 20-year double-net lease began July 1, 2024, with scheduled rent increases every five years.
Where is this day care center located?
The property is located at 1 Whippany Road Morristown, NJ.
What is the asking price?
The asking price for this property is $8,055,385.
What are key features of this property?
This property features: 11,900 rentable square feet on a 1.33‑acre parcel; The Learning Experience day care facility in Morristown, New Jersey; 20‑year Double Net (NN) lease commenced 7/1/2024
