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CityMD Anchored Center | Long-Term Leases 687 US 1 8,187 SF 100% Leased Retail Building Edison, NJ 08817 $7,847,000 ($958.47/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
1970/2025
Price
$7,847,000
Price Per SF
$958.47
Cap Rate
6.50%
NOI
$510,068
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 | $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
Contacts
-
Josh Cordray -
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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CityMD Anchored Center | Long-Term Leases | 687 US 1
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