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T H E G O D D A R D S C H O O L O F F E R I N G M E M O R A N D U M

BRIGGSROAD2026D MT L AUREL

NEW JERSEY 08054

JOHN WILSON Vice PresidentDIRECT +1 717 736 8725 EMAIL [email protected]

Presented by:

> EXECUTIVE SUMMARYOffering Memorandum

COLLIERS INTERNATIONAL 4The Goddard School Offering Memorandum | Mt Laurel, NJ

EXECUTIVE SUMMARY

Colliers International is pleased to exclusively present for sale an existing Goddard School that is well established with a very strong track record since opening up for business in 1996. The Goddard School is a freestanding, single tenant, net-leased investment opportunity located in Mount Laurel, New Jersey. This investment is backed by 4 The Kids, LLC d/b/a The Goddard School, with a new ten (10) year lease that continues through 2026, plus two (2) options to renew for a period of five (5) years each, including 6% rental increases at the commencement of each option starting on year eleven (11) of the lease. The property benefits from strong demographics and great access from Route 38, the NJ Turnpike and Interstate 295. The property is surrounded by Cambridge Crossings shopping center, Rowan College, Burlington County Building Complex, office buildings, Residence Inn Marriott, a brand new Hampton Inn and Dunkin Donuts.

LANDLORD OBLIGATIONS: Landlord is responsible for Roof (roof membrane, roof systems: gutters, downspouts and the like) and Structure (foundation, exterior walls, interior structural walls).

TENANT OBLIGATIONS: Tenant is responsible for taxes and insurance as well as the Condominium Association fees (which include the CAM charges). In addition, maintenance and replacement to include all plumbing, HVAC, and electrical systems.

ASKING PRICE: $2,433,333.00

CAP RATE: 6.00%

LEASE TERM: 10 years

NOI: $146,000.00

SIZE: 6,140 (+/-) SF

PARCEL SIZE: 1 (+/-) Acres

RENT INCREASES: After Year 10

LEASE EXPIRATION: 02/28/2026

O FF E R I N G S U M M A RY


INVESTMENT HIGHLIGHTS

ST RO N G I N V EST M E N T F U N DA M E N TA L S

> Goddard School lease has been extended for a new ten (10) year term in 2016.

> Goddard School has a very strong and established history at this location. Their original lease started in 1996.

> Goddard School is located within a well-maintained condo group, of which all condo fees are paid by the Tenant.

> Site is surrounded by very strong demographics (please see on page 14).

ST R AT E G I C LO C AT I O N – ESTA B L I S H E D T R A D E A R E A

> Located near the intersection of Route 38 and Briggs Road

> Located directly across Route 38 is the Cambridge Crossings Shopping Center and Burlington County Building Complex

> Surrounding Retail: Centerton Center Shopping Center, Cambridge Crossings Shopping Center, a brand-new Hampton Inn, Dunkin Donuts/with drive-thru and Residence Inn Marriott

> Site is ¼ mile away from Rowan College along Route 38

> Site is ½ mile away from NJ Turnpike and I-295

> Easy access from major highways as well as the local market

Imagery ©2017 Google, Map data ©2017 Google 20 ft

Offering Memorandum

> PROPERTY INFORMATION


PROPERTY DESCRIPTION

PROPERTY ADDRESS: 2026D Briggs Road, Mount Laurel, NJ

OFFERING PRICE: $2,433,333.00

NOI: $146,000.00

CAP RATE: 6.00%

LEASE TYPE: NNN Lease, Landlord is responsible for roof and structure

LEASE EXPIRATION 02/28/2026

RENT: (1-10) $146,000.00/Year

RENEWAL OPTIONS: Two (2), Five (5) Year Options

YEAR BUILT: 1996

BUILDING SIZE: 6,140 +/- square feet

PARCEL SIZE: 1 +/- acres


PROPERTY AERIAL


RETAIL MAP

SITE

NJ TU

RNPIKE

OFFICE BUILDING

OFFICE BUILDING

Cambridge Crossings

ROUTE 38BRIGGS RD

BURLINGTON COUNTY BUILDING

COMPLEX


TENANT OVERVIEW

For nearly 30 years, The Goddard School has been a trusted name among parents and families. Its classrooms are safe, nurturing environments for children six weeks to six years, offering age-appropriate opportunities to explore and discover. The Goddard School is an early childhood education provider with more than 400 franchised schools in 35 states and hundreds of markets, including the Atlanta, Boston, Chicago, Houston, Philadelphia and Portland markets. Goddard Systems, Inc. (GSI) franchises The Goddard School from its headquarters in King of Prussia, Pennsylvania.

Offering Memorandum

> LOCATION OVERVIEW


MOUNT LAUREL, NEW JERSEY

An edge city suburb of Philadelphia, Mount Laurel hosts the Laurel Acres Park, which is known for its Veterans Memorial, fishing lake, playground, and large grassy hill which is appropriated for concerts in the summer and sledding in the winter. With two dog parks, a baseball league, and a soccer league, the township has no shortage of recreational opportunities.

Students from Mount Laurel are eligible to attend the Burlington County Institute of Technology, a vocational and technical education center that meets the needs of high school and post-secondary level students at its campuses in Medford and Westhampton.

Named for a hill covered with laurel trees, the township contains several notable historical landmarks, including General Clinton’s headquarters, Evesham Friends Meeting House, Jacob’s Chapel, and Farmer’s Hall.

Considered a strong place to set up business, Mount Laurel employees several economic development initiatives. Part of the New Jersey Clean Energy Program, financial incentives will be offered to business owners, allowing them to save energy, money, and the environment. The Small Business Loan Program and Route 130 Revolving Loan Program help small businesses in the area to thrive, and the New Jersey State Trade Expansion Program provides financial awards on a first-come, first-serve basis, to New Jersey eligible small businesses that are new to the exporting of goods.

After undergoing massive population growth of 32.9% during the 90s, the township of Mount Laurel grew by another 4.1% from 2000 to 2010, but saw almost no growth during the five-year period between 2010 and 2015, putting its current population at an estimated 41,870.

LOCATION OVERVIEW


PA

AREA MAP

NJ


POP FACTS: DEMOGRAPHIC REPORT 20172026 BRIGGS ROAD, MT LAUREL, NEW JERSEY 08054

RADIUS 1 (0.0-1.0 miles)



POPULATION

2022 Projection 2,565 48,902 149,270

2017 Estimate 2,520 47,634 146,691

2010 Census 2,474 45,856 144,088

2000 Census 2,327 42,611 133,792

HOUSEHOLDS

2022 Projection 1,316 19,850 57,125

2017 Estimate 1,292 19,397 56,233

2010 Census 1,268 18,797 55,423

2000 Census 1,184 17,275 50,747

2017 EST. POPULATION BY SINGLE CLASSIFICATION RACE

White Alone 58.7% 75.0% 68.5%

Black or African American Alone

24.0% 11.6% 18.9%

American Indian and Alaska Native Alone

0.4% 0.2% 0.2%

Asian Alone 10.2% 8.9% 7.2%

Native Hawaiian and Other Pacific Islander Alone

0.1% 0.0% 0.0%

Other Race Alone 2.1% 1.3% 2.0%

2017 EST. POPULATION HISPANIC OR LATINO

Hispanic or Latino 9.8% 5.9% 6.9%

Not Hispanic or Latino 90.2% 94.1% 93.1%

2017 TENURE OF OCCUPIED HOUSING UNITS

Total 1,339 20,206 59,333

Owner Occupied 608 15,785 43,362

Renter Occupied 684 3,613 12,871

DEMOGRAPHICSPOP FACTS: DEMOGRAPHIC REPORT 2017

1806 HOUSTON LAKE ROAD, PERRY, GEORGIA 31069RADIUS 1 (0.0-1.0 miles)



2017 EST. HOUSEHOLDS BY HOUSEHOLD INCOME

CY HHs, Inc < $15,000 8.1% 4.3% 5.0%

CY HHs, Inc $15,000 - $24,999 6.5% 6.5% 6.5%

CY HHs, Inc $25,000 - $34,999 5.0% 5.3% 6.2%

CY HHs, Inc $35,000 - $49,999 12.8% 9.1% 9.6%

CY HHs, Inc $50,000 - $74,999 24.9% 14.2% 15.1%

CY HHs, Inc $75,000 - $99,999 16.5% 12.9% 13.2%

CY HHs, Inc $100,000 - $149,999 14.3% 19.1% 20.2%

CY HHs, Inc $150,000 - $199,999 4.3% 11.6% 10.8%

CY HHs, Inc $200,000+ 7.6% 16.9% 13.3%

2017 EST. AVERAGE HOUSEHOLD INCOME

Total $88,503 $131,170 $117,352

2017 EST. MEDIAN HOUSEHOLD INCOME

Total $65,239 $94,389 $87,644


CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of the property at 2026 Briggs Road, Mt Laurel, New Jersey 08054. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree:

1) The Offering Memorandum and its contents are confidential;

2) You will hold it and treat it in the strictest of confidence; and

3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the property at 2026 Briggs Road, Mt Laurel, New Jersey 08054 or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

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