Commercial Real Estate /NJ /Ewing /
Commercial Real Estate /NJ /Ewing /

1672-1676 North Olden Ave & 1571 6th St FOR SALE


Ewing, NJ - Outer Trenton/Hamilton/Ewing | 
$16,000,000 USD
908-675-5703
, Ewing, NJ for Sale
$16,000,000 USD
FOR SALE
1/15
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1672-1676 North Olden Ave & 1571 6th St
Ewing, NJ
Outer Trenton/Hamilton/Ewing

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HIGHLIGHTS

  • Diversified income stream across adult medical daycare, child preschool, child daycare, and 20 residential units reduces single-tenant risk.
  • Two of three commercial leases structured NNN, minimizing landlord operating burden and expense exposure.
  • All commercial tenants are long term and have multiple other business locations.
  • Senior Star's rent is effectively government-guaranteed — revenue 100% backed by Medicaid, MLTSS, and the NJ State Respite Program.
  • No rent control provides for upside potential in increasing the below-market residential rents.
  • Modern vintage construction (2012/2016) minimizes near-term capital expenditure requirements.

OVERVIEW

The property is comprised of 3 buildings totaling 57,500 SF with 3 commercial tenants and 20 residential apartments.

ASK ABOUT THIS PROPERTY

Thomas ScatuorchioThe Kislak Company, Inc.More Info
908-675-5703

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Thomas ScatuorchioThe Kislak Company, Inc.More Info
908-675-5703

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

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