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
| Parcel Number | 15-00096-0000-00002 | Improvements Assessment | $1,629,193 |
| Land Assessment | $279,174 | Total Assessment | $1,908,367 |
