Spring Education

Sewell, New Jersey

NNN Pro Group is pleased to present the exclusive listing for a Chesterbrook Academy located at 279 Egg Harbor Rd in Sewell, New Jersey. The site consists of roughly 8,403 rentable square feet of building space on estimated 2.38-acre parcel of land. This Chesterbrook Academy is subject to an existing NNN lease in place with Spring Education that will reset to 20 years upon close of escrow. The current annual rent is $427,450 and is scheduled to increase by 3% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investments:

– Existing Lease in Place with Spring Education That Will Reset to 20 Years Upon Close of Escrow
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guarantee from Spring Education Group
– Attractive 3.00% Annual Rental Increases
– Four (4) Tenant Renewal Periods of Five (5) Years Each