Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a medical office property located at 29 Park Street in Montclair, NJ (the “Property”).
The Property is offered as an investor sale, owner-use sale or sale leaseback with a newly created long-term lease to New Jersey Plastic Surgery (the “Tenant”). The proposed lease terms will feature an absolute NNN structure, annual rent increases and extension options. New Jersey Plastic Surgery is a nationally renowned cosmetic and reconstructive surgery practice also extensively engaged in clinical research and development services.
The Property is conveniently located a half-block from the bustling downtown district of Montclair and easily accessible by car, bus or train. Montclair is an affluent community with an average household income over $198,000 (1-mile radius). It is located in Essex County, less than 20 miles from New York City.