29 Park St Montclair, NJ 07042

This exceptional 6,700-square-foot Class C medical office building at 29 Park St, Montclair, NJ 07042, is offered for sale. The property boasts a 10-year absolute NNN lease with New Jersey Plastic Surgery, a nationally renowned practice, ensuring stable, long-term income. The lease includes a 3% annual rent increase and two 5-year extension options, providing significant future growth potential. Built in 2005 and extensively renovated in 2024, the building features 18 parking spaces and is situated on a 0.25-acre lot. The property enjoys a prime location, half a block from Montclair's vibrant downtown, offering easy access to transportation and a high-income demographic area (average household income over $198,000 within a 1-mile radius). The building's unique zoning allows for flexible use, including retail and medical office space. With a current NOI of $254,600 and a 7.25% cap rate, this is a compelling investment opportunity. The asking price is $3,500,000, and the sale is structured as a fee simple sale for leaseback. The property is 100% occupied and offers a secure investment with substantial upside potential. The sale includes the option for an outright sale to an investor or owner-user.