Medical Center with National
New
For Sale
$2,500,000
107 Trenton Rd, Browns Mills, NJ 08015
Established dialysis facility with a corporate-backed lease and limited landlord obligations for roof and exterior structure.
Property Size8,000 SF
Days on Market2
Property Features for 107 Trenton Rd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Lease Term
±3.6 YRS
Building Details
Building Size
8,000 SF
Year Built
2014
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(737) 309-2717
Listed By:
Alex Larramendi · License #821965 (TX)
(737) 309-2717
Source:
Matthews
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:41AM
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 Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
This 2014 medical center is occupied by DaVita Dialysis under a corporate guarantee from DaVita, Inc. The clinic operates with approximately 16 chairs, six days per week, from 5:00AM to 6:00PM. Landlord responsibilities are limited to the roof and exterior structure, with the tenant reimbursing the landlord for replacement of those items.
The property is located at 107 Trenton Rd in Brown Mills, New Jersey, across from Deborah Heart and Lung Center and Pine Grove Plaza, which contains 160,000 SF of retail space. It is also near Joint Base McGuire-Dix-Lakehurst. The facility is identified as the sole dialysis clinic serving the Brown Mills market.
The property is located at 107 Trenton Rd in Brown Mills, New Jersey, across from Deborah Heart and Lung Center and Pine Grove Plaza, which contains 160,000 SF of retail space. It is also near Joint Base McGuire-Dix-Lakehurst. The facility is identified as the sole dialysis clinic serving the Brown Mills market.
Key Highlights
- DaVita Dialysis lease backed by a corporate guarantee from DaVita, Inc. (S&P: “BB”)
- Clinic configured for approximately 16 chairs and operates 6 days a week
- Operating hours are 5:00AM–6:00PM
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,223,640
$2.2M
Cap Rate 7%
$1,588,314
$1.6M
Cap Rate 9%
$1,235,356
$1.2M
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$199.7K $24.96/SF
− Vacancy
−$14.4K −$1.80/SF
EGI
$185.3K $23.16/SF
− OpEx
−$74.1K −$9.27/SF
NOI
$111.2K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,223,640
Cap Rate 7%
$1,588,314
Cap Rate 9%
$1,235,356
Alternative Uses
Best Use
Healthcare Medical
$1.59M
$1.39M – $1.85M
NOI $111,182 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$1.03M
$897.1K – $1.20M
NOI $71,770 @ 7.0% cap · market cap 2.87%
Theoretical Best
Warehouse
$16.73M
$14.64M – $19.52M
NOI $1,171,229 @ 7.0% cap · market cap 46.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 08015, NJ
19,691
Population
7,864
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
56.2 sq mi
ZIP Area
350
Density / Sq Mi
$78,926
Median Household Income
$42,483
Median Earnings
$1,190
Median Rent
$215,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Established dialysis facility with a corporate-backed lease and limited landlord obligations for roof and exterior structure.
Where is this medical center located?
The property is located at 107 Trenton Rd Browns Mills, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: DaVita Dialysis lease backed by a corporate guarantee from DaVita, Inc. (S&P: “BB”); Clinic configured for approximately 16 chairs and operates 6 days a week; Operating hours are 5:00AM–6:00PM
