Listed by SURMOUNT
$1,393,500
Schweiger Dermatology
Details
Property Type Retail
Sub Type Medical
Square Footage 5,810
Cap Rate 6.00%
NOI $83,610
Occupancy 100%
Tenancy Single
Brand/Tenant Schweiger Dermatology
Lease Type NN
Lease Term 15
Lease Expiration 09/30/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 2009
Acreage 1.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2021
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Schweiger Dermatology located at 420 Front Street, Elmer, NJ 08318. The site consists of roughly 5,810 rentable square feet of building space. Schweiger Dermatology is subject to a 15-year Double Net (NN) lease, which commenced 10/1/2021. The current annual rent is $83,610 and has scheduled increases of 2.00% Annually.
Investment highlights
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 10-year base term and has two 5-year option periods. This predictable escalation structure supports long-term income growth and provides a hedge against inflation.
- Rapidly Expanding, Institutional-Caliber Tenant | Founded in 2010, Schweiger Dermatology Group has grown to 120+ locations across nine states and 500,000+ annual patients, fueled by recent acquisitions of California Skin Institute (2025), United Skin Specialists (2024), and ClearlyDerm (2024). The platform has landed on the Inc. 5000 fastest-growing companies list for nine consecutive years and is recognized as a Castle Connolly Top Dermatology Practice across NY, NJ, PA, and FL.
- Above-Average Household Incomes | The trade area commands a median household income of $92,558 — 18% above the national median of $78,538 and up 28% since 2011 — with average household income reaching $114,864, supporting strong demand for both insurance-based and elective cosmetic services.
- Regional Access via US-40 | Front Street connects directly to US-40, Elmer's primary east-west commercial artery carrying approximately 14,000 VPD, giving the site strong regional visibility and convenient access for the surrounding trade area.
- Positioned Within an Established Medical Corridor | Property is situated just north of Inspira Medical Center Elmer along Front Street, placing the asset within a concentrated medical/professional cluster rather than standalone retail exposure.
- Surrounded by High-Traffic, Daily-Needs Retail | Positioned within Elmer's core commercial corridor alongside Elmer IGA, Dollar General, First National Bank of Elmer, Fulton Bank, Papa Luigi Restaurant, Elmer Diner, and Savannah's Garden Florist, generating consistent daily foot traffic.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,610.00
$6,967.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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