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Medical Office Building
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Pending

1076 E Chestnut Avenue, Vineland, NJ 08360

Medical office building totaling 14,500 SF on 1.21 acres, fully leased to Penn Cardiology through June 2032.

Property Size14,500 SF
Lot Size1.21 Acres
Days on Market57

Property Features for 1076 E Chestnut Avenue

General Information

Standard status Pending
Size 14,500 SF
Total Parking Spaces 65
Lot size 1.21 Acres
Property subtype Office
Occupancy 100%
Lease Type NNN
Investment Type Net Lease

Additional Details

Traffic Count 15,000 vehicles/day

Building Details

Tenancy Single
Listing Agency: Avison Young - Suburban Philadelphia
Listed By: Adam Gillespie · License #PA RS293296
Source: Crexi
Added: Jul 8 Changed: Aug 31 Last Checked: Aug 31 at 4:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - Suburban Philadelphia

Investment Insights

Based on property information with market context.

1076 E. Chestnut Avenue is a medical office building totaling 14,500 SF on 1.21 acres, currently 100% leased to Penn Cardiology through June of 2032. Penn Cardiology has occupied the building since 2007 and recently executed an eight-year lease renewal.

The property is located in a medical corridor with high visibility and traffic counts over 15,000 vehicles per day. Surrounding uses include pediatric, obstetric, and endodontic practices serving a population of more than 126,000 within a 10-mile radius.

The offering reflects a long-term, in-place tenant occupancy through mid-2032 under a below-market rent structure noted in the remarks.

Key Highlights

  • Medical office building totaling 14,500 SF on 1.21 acres, fully leased to Penn Cardiology.
  • Lease term runs through June 2032; Penn Cardiology has occupied the building since 2007.
  • Recent eight‑year lease renewal executed, with rent at $19.50/NNN PSF (below market rent per remarks).

Property Analytics

Current Use

Christopher J. Sipala, ... Physician Charles T. Leng, ... Physician Penn Cardiology Vineland Physician Jiten Rana, MD Physician Joshua Liez, MD Physician

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

890
Businesses Nearby
Under-served
Demand for This Use

Demographics for 08360, NJ

43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Similar Off Market Nearby

  • All Pets Veterinary Hospital 1013 E Landis Ave, Vineland, NJ 08360

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office building totaling 14,500 SF on 1.21 acres, fully leased to Penn Cardiology through June 2032.
Where is this medical office space located?
The property is located at 1076 E Chestnut Avenue Vineland, NJ.
What are key features of this property?
This property features: Medical office building totaling 14,500 SF on 1.21 acres, fully leased to Penn Cardiology.; Lease term runs through June 2032; Penn Cardiology has occupied the building since 2007.; Recent eight‑year lease renewal executed, with rent at $19.50/NNN PSF (below market rent per remarks).
More about this property
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