20-20 Fair Lawn Ave
Fair Lawn, NJ 07410

This is an opportunity to capture the rental income for one of Fair Lawn’s premier medical buildings for the next 35 years. Located at 20-20 Fair Lawn Avenue, steps from the Radburn Train Station and the busy Fair Lawn Avenue Commercial District, this property is central to the operations of Fair Lawn, and its tenants represent the best of Fair Lawn’s medical community including Valley Medical Group, Pediatricare Associates and Fair Lawn’s premiere private practice of family and cosmetic dentistry. The Opportunity: Ground Lease with $3,300,000 of projected cash flow over the next 35 years, available at a discounted rate of approximately 3%, for $2,150,000. The building is a high-quality medical facility with stable long term tenants in an area of town that will attract development due to its proximity to the train station and Fair Lawn’s intention to develop Fair Lawn Avenue into a walkable downtown. An investor who purchased the land lease at $2,150,000 would receive a rate of return of 4.40% (a figure typically referred to as the Capitalization Rate). Investors may raise future rental rates and be able to achieve an even greater rate of return. High visibility on Fair Lawn Avenue, both from the road and train, plenty of parking, medical zoning, and high quality tenant mix make this opportunity to capture rental income for the next 35 years a truly once-in-a-lifetime proposition.