619 Somerset St - Self-Storage Facilities FOR SALE
Somerset, NJ 08873 |
619 Somerset St
Somerset, NJ 08873
HIGHLIGHTS
- RECESSION RESISTANT ASSET CLASS: Healthcare properties are sought after for their resistance to recessions
- $75.1B URGENT CARE MARKET: U.S. Urgent Care Centers Market size was valued at around $75.1 billion in 2023
- CORPORATE GUARANTEE: CityMD received an increase in the size of their guarantee in Nov 2022 when VillageMD announced an agreement to acquire CityMD
- ABSOLUTE NNN LEASE: CityMD in Woodbridge offers a rare Absolute NNN Lease with 2.5% annual rental increases throughout the term
- 180+ LOCATIONS: Founded in 2010, CityMD is the largest urgent care provider in the New York metro area
- QUICK TURNAROUND TIMES: Per the Urgent Care Association, it took one hour less for around 97% of patients to meet providers
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Absolute NNN Lease | 2.5% Annual Bumps
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
3500
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
2.09 AC AC
LAND SF
91,156 SF
ZONING
-
APN/PARCEL ID
08-00163-0000-00001
