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687 US 1
Edison, NJ 08817
CityMD Anchored/New Construction Strip Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Anchored by CityMD (Summit Health) with 180+ locations and is the largest urgent care operator in the NYC metro area
- Newly renovated building fully gut renovated with new roof, façade, parking lot, electric, plumbing, etc.
- 10-year net leases for all tenants with tenants responsible for their proportionate share of taxes, insurance, and CAM
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,187 SF
Building Class
C
Year Built/Renovated
1970/2025
Price
$7,847,000
Price Per SF
$958.47
Cap Rate
6.50%
NOI
$510,086
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)
Frontage
AMENITIES
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 05-00172-0000-00001-01 | Improvements Assessment | $314,200 |
| Land Assessment | $410,800 | Total Assessment | $725,000 |
PROPERTY TAXES
Parcel Number
05-00172-0000-00001-01
Land Assessment
$410,800
Improvements Assessment
$314,200
Total Assessment
$725,000
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