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424 Route 57
Lopatcong, NJ 08865

Kiddie Academy · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Site has been operating as a daycare for 20 years. In 2022, Kiddie Academy signed a long-term 15 year lease with three, 5-year options to renew.
  • Kiddie Academy grew enrollment nearly 9% system-wide and expanded to more than 305 franchised Academy locations in 2022, a 7% increase over 2021.
  • Just 1 mile from US Hwy 22 (29,318 VPD) and less than 3 miles from on/off ramps to I-78 (100,570 VPD)
  • Lease features 2% annual increases beginning in December 2024 that extend throughout the remainder of the base term and each of the three options.
  • Lehigh Valley's Allentown-Bethlehem-Easton MSA: 85k residents within 5 miles; AHI exceeds $100k in the 3-, 5- and 7-mile rings
  • Close proximity to a number of multifamily communities, local employers, Lafayette College (2,729 students), and the Crayola Experience

PROPERTY FACTS

Property Type
Retail
Property Subtype
Day Care Center
Building Size
10,063 SF
Building Class
B
Year Built/Renovated
2003/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.40 AC
Zoning
HB - Highway Business
Parking
44 Spaces (4.37 Spaces per 1,000 SF Leased)
Frontage
727 FT on Route 57

AMENITIES

  • Courtyard
  • Fenced Lot
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-00096-0000-00002
Land Assessment
$193,000
Improvements Assessment
$1,126,300
Total Assessment
$1,319,300
  • Listing ID: 29007852

  • Date on Market: 7/15/2023

  • Last Updated:

  • Address: 424 Route 57, Lopatcong, NJ 08865

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