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Triple Net Retail Columbia Bank | Medical 1027 Pompton Ave 7,500 SF 53% Leased Office Building Cedar Grove, NJ 07009 $3,500,000 ($466.67/SF) 5.55% Cap Rate
Investment Highlights
- Freestanding 7,500 SF commercial asset on a 40,696 SF lot
- Anchored by Columbia Bank, providing stable in-place income
- 25 on-site parking spaces with strong Route 23 visibility
- Features a dedicated bank drive-through
- 3,500 SF vacant suite creates immediate value-add potential
- Lease includes 3% annual escalations and a 5-year renewal option
Executive Summary
The vacant 3,500 square foot space gives a new owner the opportunity to increase income by leasing it to a new tenant or using it for their own business. This makes the property attractive to both investors looking for income with upside and owner-users who want to occupy part of the building while benefiting from the existing bank lease. Overall, this is a strong opportunity with current income, future growth potential, and flexibility.
Property Facts
Amenities
- Banking
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Experience the epitome of Class A office space at 1027 Pompton Ave, Cedar Grove, NJ. This property boasts modern amenities and an abundance of natural light, creating an inviting and productive work environment. Designed for convenience, tenants will appreciate ample parking and easy highway access for seamless commuting.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 3,500 SF | Office/Medical | Shell Space | Now |
2nd Floor
| Size |
| 3,500 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Floor
| Size | 3,500 SF |
| Space Use | Office/Medical |
| Build-Out | Shell Space |
| Available | Now |
Experience the epitome of Class A office space at 1027 Pompton Ave, Cedar Grove, NJ. This property boasts modern amenities and an abundance of natural light, creating an inviting and productive work environment. Designed for convenience, tenants will appreciate ample parking and easy highway access for seamless commuting.
Property Taxes
| Parcel Number | 04-00300-0000-00083 | Improvements Assessment | $1,188,600 |
| Land Assessment | $761,400 | Total Assessment | $1,950,000 |
Property Taxes
Presented by
Triple Net Retail Columbia Bank | Medical | 1027 Pompton Ave
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