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48 Carter Rd Princeton, NJ 08540

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For Sale
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Recently renovated school in affluent Princeton market.

Property size:
7,200 SF
Lot size:
2.67 Acres

Property Features for 48 Carter Rd

General Information

Standard status
Active
Size
7,200 SF
Lot size
2.67 Acres

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Listing Contact
Alex Geanakos
Source: Crexi

Listing Agency: JLL - New York City, New York Listing Agent: Alex Geanakos

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Princeton Apple Montessori School For Sale

The property offered for sale is an Apple Montessori School located in Princeton, NJ. The property is a recently renovated, purpose-built facility totaling 7,200 square feet. Situated in a highly affluent, family-oriented region, the property is 100% occupied by Apple Montessori Schools, New Jersey’s largest and longest-operating Montessori school network, with over 50 years of experience. Founded in 1972, Apple operates over 20 locations statewide. Located in the affluent Princeton market, the property benefits from proximity to Route 206 and downtown Lawrenceville, serving a high-income community with exceptional demographic fundamentals. The custom-built school sits on a 2.67-acre campus featuring a spacious outdoor playground, securely fenced grounds, and a newly constructed swimming pool. The Tenant will commit to a 15-year initial lease term with an absolute triple-net lease structure and rent escalations of the lesser of CPI or 2.0% annually, creating an attractive passive income opportunity for single-tenant investors who seek growing, long-term cash flow backed by established and reputable tenancy. The Tenant will also commit to a corporate guaranty backstopping the lease.
Location Intelligence

Current Use by Public Records

Apple Montessori Schools ... High School

Suggested Use

Law Firm Building Supply Spa & Massage Center Dental Office Hotel & Motel Gym & Fitness Center Grocery & Convenience Store Garden Center Daycare Center Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Princeton
County
Mercer
State
New Jersey
Longitude
-74.714021
Latitude
40.3161917

FAQs

What type of property is this?
School - Recently renovated school in affluent Princeton market.
Where is this school located?
The property is located at 48 Carter Rd Princeton, NJ.
What are key features of this property?
This property features: - 15-year absolute triple-net lease with annual rent escalations (lesser of CPI or 2.0%) provides long-term, passive income.; - Corporate guaranty from Apple Montessori Schools, New Jersey’s largest and longest-operating Montessori school network.; - Located in affluent Princeton market with high average household income ($361K+) and strong demographics.
More about this property
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