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INVESTMENT HIGHLIGHTS
UNIQUE RETAIL & MEDICAL ZONING The Property is uniquely zoned for retail and medical office, offering extreme flexibility as well as versatile design for multi-tenant use.
SUBSTANTIAL RENOVATION & OR LICENSE The Property was totally renovated to a state-of-the-art medical facility that includes a coveted state OR license.
LONG-TERM SALE LEASEBACK At the close of escrow the Tenant is prepared to sign a new, long-term lease with attractive 3% annual increases.
ABSOLUTE NNN LEASE The Tenant will be responsible for all expenses including maintenance, taxes, insurance and utilities, leaving the Landlord very minimal responsibilities.
SUPERIOR DEMOGRAPHICS The Property benefits from outstanding demographics, with an average household income above $198,000 (1-mile radius) and a 5-mile population over 595,000.
EXCELLENT LOCATION The Property is located within a block of the bustling downtown of Montclair which is home to many of the nation’s top retailers as well as many boutique shops and restaurants.
