3206 Highway 35 - ASPEN DENTAL | BRAND NEW 10-YEAR LEASE
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3206 Highway 35 - ASPEN DENTAL | BRAND NEW 10-YEAR LEASE
3,500 SF Health Care Building Offered at $5,109,957 CAD at a 6.15% Cap Rate in Hazlet, NJ 07730
Investment Highlights
- Recession Resistant Investment – Medical properties are highly sought after for their security and resistance to economic downturns and e-commerce.
- High Caliber Operator – Aspen Dental Management, Inc. (ADMI), founded in 1994, is one of the largest dental brands in the U.S.
- Largest U.S. Metropolitan Area – The New York MSA contains roughly 19.77 million people as of 2021 and is referred to as the Tri-State Area.
- Long Term NNN Lease – Aspen Dental in Hazlet offers a brand-new 10-year NNN lease with 10% rental increases every 5 years throughout the term.
- Access and Visibility – The subject property is located 1 mile from Hackensack Meridian Health Bayshore Medical Center.
- New York MSA – The subject property is approximately 40 miles outside of New York City. It is well-positioned with excellent access and visibility.
Executive Summary
Broker of Record
Patrick Forde
License No. 122887 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
52 Park Avenue,
Suite B5, Park Ridge NJ 07656
Patrick Forde
License No. 122887 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
52 Park Avenue,
Suite B5, Park Ridge NJ 07656
Property Facts
| Price | $5,109,957 CAD | Lot Size | 0.88 AC |
| Price Per Bed | $5,109,957 CAD | Building Size | 3,500 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 6.15% | No. Stories | 1 |
| Sale Conditions | 1031 Exchange | Year Built/Renovated | 1980/2024 |
| Property Type | Health Care |
| Price | $5,109,957 CAD |
| Price Per Bed | $5,109,957 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Sale Conditions | 1031 Exchange |
| Property Type | Health Care |
| Lot Size | 0.88 AC |
| Building Size | 3,500 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2024 |
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Contacts
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Josh Cordray -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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3206 Highway 35 - ASPEN DENTAL | BRAND NEW 10-YEAR LEASE
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