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CityMD Anchored Strip Center | NNN Leases 687 US 1 8,187 SF 100% Leased Retail Building Edison, NJ 08817 $10,747,408 CAD ($1,312.74 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 100% leased strip center anchored by CityMD with long-term NNN leases and scheduled rent increases.
- Weighted average lease term of ±9.2 years with all tenants on 10-year initial terms and renewal options.
- Diverse tenant mix including medical and retail, with established multi-unit operators and strong regional brands.
- Prime location along US-1 with exposure to over 81,400 vehicles per day and excellent visibility.
- Dense and affluent demographics with 294,000+ residents and $119,000+ average household income within 5 miles.
- Surrounded by major national retailers and automotive dealerships in a dominant New Jersey retail corridor.
Executive Summary
Patrick Forde
Matthews Real Estate Investment Services, Inc
License # 2330333, 122887 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 2330333, 122887 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,187 SF
Building Class
C
Year Built/Renovated
1970/2024
Price
$10,747,408 CAD
Price Per SF
$1,312.74 CAD
Cap Rate
6.50%
NOI
$698,599 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.87 AC
Zoning
GBH
Parking
38 Spaces (4.64 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00172-0000-00001-01 | Improvements Assessment | $423,834 CAD |
| Land Assessment | $554,140 CAD | Total Assessment | $977,974 CAD |
Property Taxes
Parcel Number
05-00172-0000-00001-01
Land Assessment
$554,140 CAD
Improvements Assessment
$423,834 CAD
Total Assessment
$977,974 CAD
Contacts
-
Josh Cordray -
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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CityMD Anchored Strip Center | NNN Leases | 687 US 1
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