220 Hamburg Tpke & 10Wayne, NJ 07470
5-Suite NNN Lease, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- Five medical office suites totaling 5,400 square feet in Wayne, NJ, offering a 7.75% cap rate and $198,143 annual NOI.
- Triple-net (NNN) leases with 3% annual rent escalations and nearly seven years remaining, providing a hedge against inflation. Secured by a corporate guarantee from ReFocus Eye Health.
- 100% occupancy with Advanced Eye Care, a reputable ophthalmology practice performing over 600 cataract surgeries annually.
- Strong demographic profile: Average household income exceeding $116,000 within a 5-mile radius.
- Four of the five suites are located adjacent to St. Joseph's Hospital, a 229-bed acute-care facility, offering a contiguous footprint on the hospital campus.
Property Details for 220 Hamburg Tpke & 10
- Property type
- Other office properties, Medical offices
- Square Feet
- 5,400 SF
- Units
- 5
Location Insight
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Latitude
- 40.9411487
- Longitude
- -74.2531465
Nearby Similar for Sale
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