143 Anderson Ave

Description

Opportunity to Acquire Well-Located, Income-Producing Property in Fairview, NJ This beautiful corner property is located on Anderson Ave in Fairview, NJ on a busy main street. The building was recently renovated and is currently occupied by a Pain Management doctor. The tenant is on a triple net lease, which makes this an ideal investment to be added to any portfolio, earning a 5.74% cap rate. The property features 1,982 square feet of space and comes with six parking spaces. It is located in a highly desirable area with easy access to major highways and public transportation. The property is also close to a variety of businesses and amenities, making it a great location for any business. The tenant is a well-established Pain Management doctor with a lease ending in February 2025. The triple net lease structure means that the tenant is responsible for all taxes, insurance, and maintenance, which makes this a very low-maintenance investment. Upon current lease agreement expiring the space can easily be divided to accommodate multiple tenants. Fairview is a vibrant community located in Bergen County, NJ. The town is home to a variety of businesses and amenities, including a library, a number of restaurants, and plenty of shopping. Fairview is also well-served by public transportation with bus service available.