175 Righter Rd - Office FOR SALE


Succasunna, NJ 07876
$2,752,800 USD
918-794-9787
175 Righter Rd, Succasunna, NJ for Sale
$2,752,800 USD
Office - FOR SALE
1/1
null | 6.25% Cap Rate

175 Righter Rd
Succasunna, NJ 07876


HIGHLIGHTS

  • Corporate NN Lease to DaVita Affiliate
  • New 10-Year Term; Commences at Closing; Passive, Landlord-Light Structure (NN); Built-In Rent Growth
  • Leading Operator in Growing Industry Insulated from Macroeconomic Changes
  • Renovated 2025
  • High-Income Submarket with Regional Access
  • No Early Termination or Kick-Out Clause

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the fee simple interest in a single-tenant DaVita dialysis clinic located at 175 Righter Road, Succasunna, New Jersey 07876. The Property comprises ±0.60 acres improved with a ±5,000 SF single-story medical building that was renovated in 2025. The site benefits from an established Morris County healthcare/retail corridor with direct access to NJ-10 and I-80 and draws from affluent demographics in the surrounding trade area. There are over 104,000 in population in a five-mile radius with an average household income in excess of $162,000. The tenancy is DVA Renal Healthcare, Inc. (DaVita affiliate) under a newly executed 10-year, double-net (NN) lease commencing upon closing, featuring 10% rent increases every five (5) years and three (3) five-year renewal options. Current annual rent/NOI is $172,050 ($34.41/SF). The lease includes no early termination, with landlord responsibilities primarily limited to roof/structure and capital items reimbursed on an amortized basis; tenant pays real estate taxes and reimburses insurance (see Lease). As a leading healthcare operator, DaVita, Inc. is backed by strong financial performance, generating $12.82 billion in revenue and $936 million in net income as of 2024. The tenant holds a BB credit rating from Standard & Poor’s and a Ba3 rating from Moody’s, offering a reliable and stable income stream backed by one of the largest kidney care companies in the world. In summary, this investment presents a unique opportunity to acquire a medical office property leased to a top-tier healthcare provider with long-term lease security, rent escalations, and minimal landlord responsibilities, located in the highly-populated New York City metro. Jason Maier - NJ Broker Lic. #1537436

FOR SALE DETAILS

PRICE

$2,752,800 USD

PRICE/SF

$551 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita, Inc.

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

36-04901-0000-00003

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.