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28825599
28825600

6701 Bergenline Ave, West New York, NJ 07093 For Sale

DP
NJ NJ 1004553
Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
$3,339,000
225 days on market
Updated 33 days ago

Concentra

Details
Property Type Office, Retail
Sub Type Medical Office
Net Rentable (SqFt) 5,300
Cap Rate 6.00%
NOI $200,340
Lease Type NN
Lease Expiration 08/31/2036
Remaining Term 10.1
Year Built 1963
Acreage 0.160
Zoning C-R
Investment Type Net Lease

Office | 6.00% CAP

Marketing description

Marcus & Millichap is pleased to exclusively present 6701 Bergenline Avenue, West New York, Hudson County, New Jersey.

Investment highlights

TENANT(S)

  • Single Tenant Net Leased Property To Concentra Urgent Care With Long-Term Occupancy History At This Location

  • Concentra Is A Publicly Traded (NYSE: CON) National Health Care Company With Over 550 Locations Across The Country

LEASE(S)

  • Over 10 Years Remaining With 2.5% Yearly Increases And 1 5-Year Renewal Option

  • NN Lease Structure - Minimal Landlord Responsibilities

BUILDING

  • +/- 5,300SF Building On A Signalized Corner With Parking And Full Basement

  • High-Visibility On Bergenline Ave – Main Retail Corridor In West New York With Over 10,000 VPD

LOCATION/ MARKET

  • Dense Demographics With Over 101,000 People With An Average Income Over $95,000 Within 1-Mile

  • Nearby National Tenants Include Bank Of America, CVS, McDonalds, Burger King And QuickChek

Listing Contacts

DP
NJ NJ 1004553
Marcus & Millichap - New Jersey
AC
NJ 0791092
Marcus & Millichap - New Jersey
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,340.00
$16,695.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Devin Perez
License
NJ 1004553
Brokerage Phone
2017426154
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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