Building Details

Tenancy Single

Listing Agency: Garden State Realty

Listed By: Derek Gee · License #NJ 1433552 Show Phone

Source: Crexi

Added: Aug 24 Changed: Sep 9 Last Checked: Sep 10 at 5:54AM

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Investment Insights

Based on property information with market context.

Located at 212 Passaic Ave in Fairfield, New Jersey, this newly constructed Class A industrial property is fully leased to one tenant. The asset is subject to a ten-year triple-net lease that runs through 2036, placing ongoing property responsibilities with the tenant under the stated lease structure.

The property is approximately 20 miles from New York City and the Port of Newark, with access to Routes 46, 80, 280, and 287. Its single-tenant configuration, industrial construction, and remaining lease term define the principal characteristics of the offering.

Key Highlights

• Fully leased to a single tenant
• Ten‑year triple‑net lease extending through 2036
• Newly constructed Class A industrial facility

Property Analytics

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Current Use

NNN properties

Suggested Use

Top Pick Auto Parts Store Spa & Massage Center Skin Care Clinic Grocery & Convenience Store Hotel & Motel Garden Center

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

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

673

Businesses Nearby

Explore this area Business Placement

Demographics for 07004, NJ

7,872

Population

3,054

Households

2.6

Avg Household Size

44

Median Age

51%

College-Educated

97%

High-School Grad

10.1 sq mi

ZIP Area

779

Density / Sq Mi

$113,750

Median Household Income

$73,322

Median Earnings

$2,576

Median Rent

$651,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Newly constructed industrial asset occupied under a triple-net lease extending through 2036.

Where is this nnn property located?

The property is located at 212 Passaic Ave Fairfield, NJ.

What are key features of this property?

This property features: Fully leased to a single tenant; Ten‑year triple‑net lease extending through 2036; Newly constructed Class A industrial facility