7 Edgeboro Rd, East Brunswick, NJ 08816
Newer building, thriving business, NNN lease, sale-leaseback opportunity.
- Added:
- Feb 14, 2023
- Days on Market:
- 1239
- Last Refresh:
- Jul 5 at 3:50 am
Property Features for 7 Edgeboro Rd
General Information
- Standard status
- Active
- Size
- 20,350 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2001
Listing office Keller Williams Prosperity Realty (973) 600-3262
Listing date Feb 14, 2023
Source Crexi
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HighLights
- Sale‑leaseback opportunity with a NNN lease, providing immediate income.
- Newer building (built in 2001) in excellent, turnkey condition.
- Substantial renovations, including a second‑floor addition in 2015 and complete interior/exterior updates.
- Prime location: seconds from Rt 18 and one mile from the New Jersey Turnpike.
- Currently operating as a thriving senior day care facility with a strong clientele.
- Potential option to purchase the building vacant.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $610.5k | $30.00 |
| − Vacancy | −$41.5k | −$2.04 |
| EGI | $569.0k | $27.96 |
| − OpEx | −$256.0k | −$12.58 |
| NOI | $312.9k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- East Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4015993
- Latitude
- 40.4637401