Spring Education
Wayne, PA
Key Details
| Price: | $5,899,457 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $412,962 |
| Address: | 1560 Bradford Road, Wayne, Pennsylvania 19087 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 3.00% Annually |
| Lot Size: | 5.00 Acres |
| Building Size: | 5,321 SF |
| Year Built: | 1981 |
NNN Pro is pleased to present the exclusive listing for a Spring Education located at 1560 Bradford Road, Wayne, Pennsylvania 19087. The site consists of roughly 5321 rentable square feet of building space on an estimated 5-acre parcel of land. This Spring Education is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $412,962 and has scheduled increases of 3.00% Annually.
About the Investment
- 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
Key Details
| Price: | $5,899,457 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $412,962 |
| Address: | 1560 Bradford Road, Wayne, Pennsylvania 19087 |
| Property Type: | Specialty |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 3.00% Annually |
| Lot Size: | 5.00 Acres |
| Building Size: | 5,321 SF |
| Year Built: | 1981 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Patrick Finn
pfinn@nnnpro.com
License: NY: 10301222858
Joseph Kelly
jkelly@nnnpro.com
License: NY: 10401386896
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.