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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

PROPERTY TAXES

Parcel Number
21-00047-0000-00001
Land Assessment
$182,900
Improvements Assessment
$517,100
Total Assessment
$700,000
  • Listing ID: 26289059

  • Date on Market: 7/29/2022

  • Last Updated:

  • Address: 3 Main Rd, Montville, NJ 07045

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