3 Main Rd | Montville, NJ 07045
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3 Main Rd
Montville, NJ 07045
Vet Office | 6.25% CAP | Uncapped CPI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Upcoming CPI Rental Increase – The lease features uncapped CPI annual rental increases. The next CPI rental increase is coming up in October 2022
- Proximity to New York City – Subject property is located about 30 miles from New York City
- Private Equity Investment in Tenant – Private Equity investment in National Veterinary Associates by JAB Investors
- Corporate Guaranty – The lease features a rare corporate guaranty from National Veterinary Associates, one of the largest veterinary operators
- Extremely Insulated to Economic Downturns – Pet Care spending grew during the past two economic downturns and recessions.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
3,162 SF
Building Class
C
Year Built
1885
Tenancy
Single
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.28 AC
Zoning
B1
Parking
8 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
149’ on RT 202 RD
PROPERTY TAXES
| Parcel Number | 21-00047-0000-00001 | Improvements Assessment | $517,100 |
| Land Assessment | $182,900 | Total Assessment | $700,000 |
PROPERTY TAXES
Parcel Number
21-00047-0000-00001
Land Assessment
$182,900
Improvements Assessment
$517,100
Total Assessment
$700,000
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