Log In/Sign Up
Your email has been sent.
Triple Net Retail Columbia Bank | Medical 1027 Pompton Ave 8,194 SF 50% Leased Office Building Cedar Grove, NJ 07009 $2,999,999 ($366.12/SF) 6.48% 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
This investment opportunity offers the chance to acquire a partially leased property with stable income already in place and additional upside through the vacant 3,500 square foot space. The property is currently anchored by Columbia Bank, which is in year 2 of a 5- year lease and pays $16,198.25 per month. The lease includes 3% annual rent increases and a 5-year renewal option, giving the next owner steady cash flow and long-term tenant stability. The bank has a well built out space and a drive through around back making it a strong tenant.
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.
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
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,194 SF
Building Class
C
Year Built
2001
Price
$2,999,999
Price Per SF
$366.12
Cap Rate
6.48%
NOI
$194,250
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,750 SF
Building FAR
0.20
Lot Size
0.93 AC
Zoning
RC, Cedar Grove Twp. - Zoned RC for commercial use
Parking
25 Spaces (3.05 Spaces per 1,000 SF Leased)
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.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-00300-0000-00083 | Improvements Assessment | $1,188,600 |
| Land Assessment | $761,400 | Total Assessment | $1,950,000 |
Property Taxes
Parcel Number
04-00300-0000-00083
Land Assessment
$761,400
Improvements Assessment
$1,188,600
Total Assessment
$1,950,000
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
