Cedar Grove Triple Net Retail Asset, Columbia Bank & Sol Beauty Studios

Highlights:

• 7,500 SF modern office building
• 1 unit, built in 2000
• Zoned RC for commercial use
• Prime location in Cedar Grove
• Excellent investment opportunity

Description:

This investment opportunity offers investors the chance to acquire a fully leased, income-producing asset anchored by two established tenants, Sol Beauty Studios LLC and Columbia Bank. The property benefits from a balanced tenant profile, combining a neighborhood service operator with a recognized financial institution, creating reliable daily-use demand and durable occupancy. Sol Beauty Studios LLC occupies 3,500 square feet under a newly commenced 5-year triple net lease at $70,000 annually, while Columbia Bank is in year 2 of a 5-year term and pays $16,198.25 per month, with rent inclusive of CAM and structured at $45.50 per square foot plus $10.00 per square foot CAM. Columbia Bank also holds a 5-year renewal option, adding further long-term tenancy potential. Both leases include 3% annual escalations, providing investors with built-in revenue growth and increasing cash flow over the life of the leases. This is an attractive opportunity for buyers seeking stable in-place income, strong tenancy, contractual rent growth, and a well-positioned asset with immediate yield and long-term investment appeal.

Explore the vibrant community surrounding the office suite in Cedar Grove, NJ. Enjoy local dining at The Wood Pit, Agamie's, and Cedar Grove Bagels, or unwind at Cedar Grove Park. With easy access to Route 23 and Route 46, commuting is a breeze.

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