Avnos, Inc.
Industrial | 7.00% CAP | 17,387 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for an Avnos, Inc. located at 360 Milltown Road, Bridgewater, NJ 08807. The site consists of roughly 18,605 rentable square feet of building space on an estimated 6.42-acre parcel of land. This Avnos, Inc. is subject to a 10-year Triple Net (NNN) lease, which commenced 9/1/2024. The current annual rent is $626,305 and has scheduled increases of 3.50% annual increases.
Investment highlights
Strong Corporate Tenancy | Avnos Inc. is a cutting-edge clean-tech company backed by leading venture capital and government support, focused on Direct Air Capture technology. The lease is guaranteed by the corporate entity, offering investors security and stability.
Brand New 10-Year NNN Lease | The lease commences 9/1/2024 and includes a 10-year term with two 5-year renewal options. The structure is Triple Net (NNN) with zero landlord responsibilities, ensuring passive, predictable income.
High-Income, Dense Demographic Base | The property is located within a dense, affluent suburb of the New York metropolitan area, with average household incomes of $162,104 within 3 miles and over 275,000 people within a 10-mile radius.
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