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Miscellaneous

CityMD

20 W Oakland Ave, Oakland, NJ 07436

Listing Price: $4,516,129

Cap Rate
4.65%
Tenant Name
City Property USA NJ
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
2,265
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.72

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CityMD located at 20 West Oakland Ave in Oakland, NJ. The site consists of roughly 2,265 rentable square feet of building space on estimated 0.34 acre parcel of land. This CityMD is subject to a recently signed 15-year lease, which commenced December 18th, 2020. The current annual rent is $210,000 and is scheduled to increase by two percent (2%) annually throughout the base term.

Investment Highlights

  • Brand New 15-Year Lease
  • Brand New CityMD Location | CityMD Opened For Business in 2021
  • Excellent Inflation Hedge | Two Percent (2%) Annual Rental Increases

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Listing Price: $4,516,129

Cap Rate
4.65%
Tenant Name
City Property USA NJ
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
2,265
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.72

Investment Highlights

  • Brand New 15-Year Lease
  • Brand New CityMD Location | CityMD Opened For Business in 2021
  • Excellent Inflation Hedge | Two Percent (2%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CityMD located at 20 West Oakland Ave in Oakland, NJ. The site consists of roughly 2,265 rentable square feet of building space on estimated 0.34 acre parcel of land. This CityMD is subject to a recently signed 15-year lease, which commenced December 18th, 2020. The current annual rent is $210,000 and is scheduled to increase by two percent (2%) annually throughout the base term.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

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