279 Egg Hbr Rd, Sewell, NJ 08080-3149
- Commercial real estate
- 2.40 lot acres
Current Use by Public Records
- Chesterbrook Academy Preschool / High School / Daycare Center
- Paisanos Barber Lounge / Barber Shop
- All Ways Realty / Real Estate Agency
- Michael Morrow, Realtor / Real Estate Agency
- White Oak Hair Co. / Hair Salon
Property Details for 279 Egg Hbr Rd
- Construction
- FRAME
- Lot size
- 2.40 lot acres
- Zone code
- R
- Property type
- Commercial real estate
- APN
- 18 00019-0000-00005- 14
- APU
- 180001900000000514
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 22, 2025 | $6,000,000 | Edev LLC | School Realty Owner II LLC | Deed | — |
| Dec 29, 2020 | $1,027,123 | School Realty Owner II LLC | Seg INC | Grant Deed | — |
| Sep 21, 2011 | — | Nobel Learning Communities INC | — | Deed Of Trust · related | $87M · Bank Of Montreal |
| Jun 13, 2008 | — | Nobel Learning Communities INC | — | Deed Of Trust · related | $200M · Bank Of Montreal |
| Mar 1, 2004 | — | Nobel Learning Communities INC | — | Deed Of Trust · related | $23M · Harris Trust & Savings Bank |
| — | — | Nobel Learning Communities INC | — | Deed Of Trust · related | $8M · Harris Trust & Savings Bank |
Description
This exceptional investment opportunity presents a fee-simple ownership of an 8,403-square-foot daycare center situated on a 2.38-acre lot at 279 Egg Harbor Rd, Washington Township, NJ 08080. Built in 1986, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $427,450. The property is currently under a triple-net (NNN) lease with Spring Education, a corporate-guaranteed tenant, ensuring minimal landlord responsibilities. The 20-year lease, resetting upon closing, includes a favorable 3% annual rent increase, providing consistent income growth. The current annual rent is $427,450, with four 5-year renewal options. The asking price is $6,106,429, translating to a price per square foot of $726.70. This investment offers a secure, long-term income stream with built-in appreciation potential. The property's location in Gloucester County, New Jersey, provides excellent access to a thriving community. This is a rare opportunity to acquire a high-performing, passively managed commercial property with a strong tenant and significant upside potential. The lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. The corporate guarantee from Spring Education further mitigates risk.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,590,000
- ML approach
- $5,495,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sewell
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0874
- Latitude
- 39.766
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
