Net-Leased Day Care
For Sale
Contact for pricing
40 Park Ave, Summit, NJ 07901
Single tenant is under a 20-year double-net lease with scheduled rent increases over the base term and renewals.
Property Size11,114 SF
Lot Size0.35 Acres
Days on Market122
Property Features for 40 Park Ave
General Information
Standard status
Active
Size
11,114 SF
Lot size
0.35 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 2:07PM
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
Investment Insights
Based on property information with market context.
N N N Pro Group presents an exclusive offering for The Learning Experience, a single-tenant day care center with a double-net (NN) lease in place. The property includes approximately 11,114 rentable square feet of building space on an estimated 0.35-acre parcel. The lease is structured for a 20-year base term, with an estimated rent commencement date of October 20, 2023, and rent scheduled to increase by 10% every five years throughout the base term and into each of the two 5-year renewal options.
The lease is supported by defined landlord responsibilities. Landlord, at its sole cost, is responsible for maintaining, repairing, and replacing the roof and all roof systems, structural portions of the building (including foundation, footings, columns, and slab), and water tightness of the leased premises. Landlord also covers underground lines, pipes, and wires located outside the building but serving the leased premises, along with any leased premises interior or exterior components to the extent required due to landlord actions or omissions.
This investment opportunity is presented for acquisition as a net-leased specialty property at 40 Park Ave in Summit, New Jersey.
The lease is supported by defined landlord responsibilities. Landlord, at its sole cost, is responsible for maintaining, repairing, and replacing the roof and all roof systems, structural portions of the building (including foundation, footings, columns, and slab), and water tightness of the leased premises. Landlord also covers underground lines, pipes, and wires located outside the building but serving the leased premises, along with any leased premises interior or exterior components to the extent required due to landlord actions or omissions.
This investment opportunity is presented for acquisition as a net-leased specialty property at 40 Park Ave in Summit, New Jersey.
Key Highlights
- ~11,114 rentable SF building on an estimated 0.35‑acre parcel in Summit, NJ
- Single‑tenant 20‑year double‑net (NNN) lease with estimated rent commencement of October 20, 2023
- Annual rent of $423,500 with scheduled 10% increases every 5 years throughout the base term and two 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07901, NJ
24,199
Population
9,477
Households
2.6
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,841
Density / Sq Mi
$177,986
Median Household Income
$87,088
Median Earnings
$2,209
Median Rent
$958,700
Median Home Value
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Similar Off Market Nearby
- Overlook Medical Center : Child Care — 99 beauvoir ave, summit, nj 07901
- Zadie's Nurturing Den — 1 Walnut St, Summit, NJ 07901
- The Learning Circle YMCA - Summit Area YMCA — 95 Morris Ave, Summit, NJ 07901
- Overlook Child Care Center — 41 upper overlook rd, summit, nj 07901
- Bright Horizons Family Solutions — 41 upper overlook rd, summit, nj 07901
Frequently Asked Questions
What type of property is this?
Day care center - Single tenant is under a 20-year double-net lease with scheduled rent increases over the base term and renewals.
Where is this day care center located?
The property is located at 40 Park Ave Summit, NJ.
What are key features of this property?
This property features: ~11,114 rentable SF building on an estimated 0.35‑acre parcel in Summit, NJ; Single‑tenant 20‑year double‑net (NNN) lease with estimated rent commencement of October 20, 2023; Annual rent of $423,500 with scheduled 10% increases every 5 years throughout the base term and two 5‑year renewal options
