Turnkey Senior Day Care
For Sale
Contact for pricing
7 Edgeboro Rd, East Brunswick, NJ 08816
Newer building, thriving business, NNN lease, sale-leaseback opportunity.
Property Size20,350 SF
Price / SF$294.84
Days on Market1284
Property Features for 7 Edgeboro Rd
General Information
Standard status
Active
Size
20,350 SF
Total Parking Spaces
50
Property subtype
Special Purpose
Zoning
HC2
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$330,000
Building Details
Year Built
2001
Year Renovated
2004
Buildings
1
Stories
2
Units
1
Listing Agency:
Keller Williams Prosperity Realty
(973) 600-3262
Listed By:
Ronald Aiosa · License #0568141
Source:
Crexi
Added: Feb 14, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:30AM
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 Keller Williams Prosperity Realty
Investment Insights
Based on property information with market context.
This is a sale-leaseback opportunity for a newer, turnkey building. The current operator has a thriving business with a strong clientele. Currently used as a senior day care facility, the tenant is on a NNN lease. The owner is looking to sell and lease back from the new owner. The building is in fabulous shape with many renovations including the entire second floor addition completed in 2015. Much of the building has been completely renovated, inside and out. The property is located just seconds from Rt 18 and only one short mile from the New Jersey Turnpike, situated amongst many other large warehouse buildings and bustling with activity. The building has a total size of 20,350 square feet. The owner may be able to sell as a vacant building. This is a fabulous opportunity to create a safe return.
Key Highlights
- Sale‑leaseback opportunity with a NNN lease, providing immediate income.
- Newer building (built in 2001) in excellent, turnkey condition.
- Substantial renovations, including a second‑floor addition in 2015 and complete interior/exterior updates.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$312,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,258,840
$6.3M
Cap Rate 7%
$4,470,600
$4.5M
Cap Rate 9%
$3,477,133
$3.5M
Market Conditions
NOI Build-Up for 20,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$610.5K $30.00/SF
− Vacancy
−$41.5K −$2.04/SF
EGI
$569.0K $27.96/SF
− OpEx
−$256.0K −$12.58/SF
NOI
$312.9K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,258,840
Cap Rate 7%
$4,470,600
Cap Rate 9%
$3,477,133
Alternative Uses
Best Use
Apartment 5plus
$4.47M
$3.91M – $5.22M
NOI $312,942 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.31M
$4.65M – $6.20M
NOI $371,965 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newer building, thriving business, NNN lease, sale-leaseback opportunity.
Where is this nnn property located?
The property is located at 7 Edgeboro Rd East Brunswick, NJ.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Sale‑leaseback opportunity with a NNN lease, providing immediate income.; Newer building (built in 2001) in excellent, turnkey condition.; Substantial renovations, including a second‑floor addition in 2015 and complete interior/exterior updates.
