420 Front St - Health Care FOR SALE


Elmer, NJ 08318
$1,393,500 USD
332-345-2408
420 Front St, Elmer, NJ for Sale
$1,393,500 USD
Health Care - FOR SALE
1/4
null | 6% Cap Rate

420 Front St
Elmer, NJ 08318


HIGHLIGHTS

  • Attractive 2% Annual Rental Increases
  • Rapidly Expanding, Institutional-Caliber Tenant
  • Above-Average Household Incomes
  • Regional Access via US-40
  • Positioned Within an Established Medical Corridor
  • Surrounded by High-Traffic, Daily-Needs Retail

OVERVIEW

Surmount is pleased to present the exclusive listing for a Schweiger Dermatology located at 420 Front Street, Elmer, NJ 08318. The site consists of roughly 5,810 rentable square feet of building space. Schweiger Dermatology is subject to a 15-year Double Net (NN) lease, which commenced 10/1/2021. The current annual rent is $83,610 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$1,393,500 USD

PRICE/SF

$240 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schweiger Dermatology

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Stewart HickeySurmountMore Info
332-345-2408

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Stewart HickeySurmountMore Info
332-345-2408

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