Sold in 2019 - $6,100,000

CVS – Trenton, NJ

1100 Liberty Street Trenton, NJ 08611

TCII purchased the CVS in Trenton, NJ with 3 years left on the Lease term for $5,100,00. Prior to closing on the asset TCII secured a 15 year extension with CVS and closed on the property with the new term. TCII then sold the property for $6,100,000 6 months later and completed a 1031 into two new shopping centers.

Questions About This Property?
Unit Number Tenant Name Square Feet Documents Lease Rate
Property Size TBD
Lot Size 1.25 Acres
Zoning C-2
Year Built/Renovated TBD
Parking Spaces 24
Property Type retail
Number of Buildings 1
Occupancy Fully Occupied
Property Highlights
  • Adaptive Reuse Project
  • Conditional Use Approval Granted
  • Converted Vacant 14,000 SF Building to a Kiddie Academy Childcare Facility
  • Purchased, Redeveloped, and Sold in 24 Months
Property Description

TCII purchased the former Copytronics building in March of 2018 vacant. In July 2018 TCII received a conditional use approval from the city of Winter Park to convert the former office building into a 14,000 SF Kiddie Academy Childcare Facility. The facility included a new covered play area and new turfed playground in both the front and rear of the property.

TCII sold the property in December 2019 at a 6% cap rate for $7,000,000.

Kiddie Academy was founded over 40 years ago in Baltimore, MD and has grown to over 250 locations nationwide. Their motto is “Community Begins Here”, and the company has a strong focus on their Life Essentials curriculum.

Demographics 1 Mile 3 Miles 5 Miles
Total Population 123123 123123 1231
Total Households
Household Income 123123 123123 3123123
Average Age 123123 123123 12312
Traffic Counts
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