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PM Pediatrics 966 US Highway 22 5,150 SF Retail Building Bridgewater, NJ 08807 $3,759,999 ($730.10/SF) 6% Cap Rate



Investment Highlights
- Long-Term Lease
- Minimal Landlord Responsibilities
- Strategic Location
- Attractive Rent Increases
- Strong Operator
- High Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, triple-net leased PM Pediatrics Urgent Care investment property located at 966 US Highway 22 in Bridgewater, New Jersey (the “Property”). PM Pediatrics Urgent Care has been at this location since it was constructed in 2020 and has over 13 years of term remaining followed by two (2), 5-year renewal options. The lease features attractive rent increases every five years throughout the primary lease term and the rent shall be set to Fair Market in each of the renewal options.
The PM Pediatrics Urgent Care is strategically positioned at 966 US Highway 22 in the heart of Bridgewater Township, one of Central New Jersey's premier commercial and healthcare corridors. Located along heavily traveled US Highway 22, the Property enjoys exceptional visibility and accessibility with immediate connections to US Routes 202 and 206, Interstate 287, Interstate 78, and the Garden State Parkway, providing convenient access for families throughout Somerset, Hunterdon, Middlesex, Morris, and Union counties. This outstanding regional connectivity places the practice within one of New Jersey's most affluent and densely populated suburban markets while supporting a broad patient draw from surrounding residential communities. The US Highway 22 corridor is one of Bridgewater's primary commercial thoroughfares, characterized by a strong concentration of national retailers, medical providers, professional offices, hotels, and dining destinations.
The PM Pediatrics Urgent Care is strategically positioned at 966 US Highway 22 in the heart of Bridgewater Township, one of Central New Jersey's premier commercial and healthcare corridors. Located along heavily traveled US Highway 22, the Property enjoys exceptional visibility and accessibility with immediate connections to US Routes 202 and 206, Interstate 287, Interstate 78, and the Garden State Parkway, providing convenient access for families throughout Somerset, Hunterdon, Middlesex, Morris, and Union counties. This outstanding regional connectivity places the practice within one of New Jersey's most affluent and densely populated suburban markets while supporting a broad patient draw from surrounding residential communities. The US Highway 22 corridor is one of Bridgewater's primary commercial thoroughfares, characterized by a strong concentration of national retailers, medical providers, professional offices, hotels, and dining destinations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,150 SF
Building Class
B
Year Built
2020
Price
$3,759,999
Price Per SF
$730.10
Cap Rate
6%
NOI
$225,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.94 AC
Zoning
GCM - General Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 5,150 SF
- -
- Modified Gross
- Mar 2040
PM Pediatric Care began in 2005 as an alternative to the emergency department for children and young adults. Since then, the company has expanded across the country while focusing on improving healthcare access, quality, and service. PM Pediatric Care provides pediatric urgent care for illnesses and injuries, along with urgent care telemedicine, behavioral health teletherapy, and school-based health programs. The company serves families with care designed specifically for babies, children, and young adults, and its services are built around coordination with primary care providers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Health Care and Social Assistance | 5,150 SF | - | Modified Gross | Mar 2040 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-00200-0000-00002 | Improvements Assessment | $2,892,000 |
| Land Assessment | $376,000 | Total Assessment | $3,268,000 |
Property Taxes
Parcel Number
06-00200-0000-00002
Land Assessment
$376,000
Improvements Assessment
$2,892,000
Total Assessment
$3,268,000
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