1510 Hamburg Tpke Wayne, NJ 07470-4079

Property Details for 1510 Hamburg Tpke

Lot size

0.29 lot acres

Property size

3,540 SF

Property type

Commercial real estate

APN

14 03207-0000-00015

APU

1403207000000015

Description

This fee-simple medical office building in Wayne, NJ, presents a compelling investment opportunity. The 3,540 square foot property is 100% occupied by Veterinary Innovative Partners under a 10-year absolute NNN lease (expiring 06/29/2031), providing significant remaining lease term of approximately 6.6 years. The lease includes a corporate guarantee and annual rent bumps of 2% during a 5-year option period. Located at 1510 Hamburg Tpke, Wayne, NJ 07470, this single-tenant property boasts a strong 7.50% cap rate and a Net Operating Income (NOI) of $74,880, with an asking price of $998,393 ($282.03/sq ft). Built in 2006 on a 0.3-acre lot, the property benefits from high traffic counts on Hamburg Turnpike and the resilience of the veterinary services market, projected for continued growth. The property's strong financials, coupled with the tenant's national presence and the long-term lease, make this an attractive investment with significant upside potential. The property is situated in a highly affluent demographic area, further enhancing its investment appeal. This is a rare opportunity to acquire a sub-$1M, high-performing medical office building with a stable, national tenant in a prime location.

Location Insight

City

Wayne

County

Passaic

State

New Jersey

Longitude

-74.2554

Latitude

40.9657

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments