29 Meridian Rd Edison, NJ 08820-2823
- Industrial properties
- 1.10 lot acres
Jul 01, 2025
Current Use by Public Records
- DaVita Edison Dialysis / Dialysis Center
Property Details for 29 Meridian Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.10 lot acres
- Zone code
- RI
- Property type
- Industrial properties
- APN
- 05 00546- 40-00021
- APU
- 5005464000021
Description
This exceptional investment opportunity presents a fee-simple, single-tenant medical office building totaling 10,300 square feet, situated on a 1.5-acre lot in Edison, New Jersey. The property is 100% occupied by DaVita, a publicly traded company (NYSE: DVA), under a net lease with a corporate guarantee. The lease features a substantial remaining term of 6.3 years, expiring February 28, 2031, and includes three five-year renewal options. Rent bumps are built in, with a 5% increase scheduled for February 28, 2026, and subsequent 10% increases in each option period. The property boasts a strong 6.24% cap rate based on a current Net Operating Income (NOI) of $221,450. Built in 1970 and renovated in 2002, the single-story building benefits from a new roof installed in 2018 at a cost of $130,000. Located at 29 Meridian Rd, Edison, NJ 08820, this asset is strategically positioned in a high-income demographic area, approximately 50 miles southwest of New York City, with over 356,000 households within a 5-mile radius and a 2-mile average household income of $158,881. The asking price for this exceptional investment is $3,550,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,420,000
- ML approach
- $3,370,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3478
- Latitude
- 40.5746
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
