- For Sale $2,973,670
- Property Type Office
- Property Size 25,671 SF
- Lot Size 5.9 Acre
- # of Floors 2
- Building Class A
- Date Updated Apr 19, 2024
Class A Medical Outpatient Building (MOB)
Lease Hold Interest
8 Tenants – 100% Occupied
NOI: $304,278
10% Cap Rate
15.9% IRR
WCRE | CORFAC International, as an exclusive broker, is pleased to present a 25,671 SF Class A Medical Office NNN investment opportunity. This Lease Hold Interest asset is subject to a long-term ground lease with three, ten-year options.
The eight-tenant asset provides investors “sticky tenants” stability with ID Care, infectious disease treatment specialists, occupying 26% of the property. Lehnes Orthodontist opened a state of the art 3,937 SF orthodontist office in 03/22 and contributed over $125 psf +- tenant improvements and secured a fifteen(15-year) lease.
Alliance Orthopedics opened a new office 07/23 with a seven (7-year) lease and contributed $75 psf +- tenant improvements. The asset’s paramount tenants establish the value, with the quality construction and location underscoring the value. The asset presents a Core Plus investment with a 15.9% Internal Rate of Return (IRR) for a seven-year hold.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
24/100 Car-Dependent -
Bike Score ®
14/100 Somewhat Bikeable
- City Randolph, NJ
- Neighborhood Randolph
- Zip Code 07869
- Market New Jersey
Points of Interest
-
Dover
2.55 miles
-
Mount Arlington
3.39 miles
-
Lake Hopatcong
4.97 miles
-
Mount Tabor
5.85 miles
-
Denville
6.03 miles
-
Morris Plains
6.28 miles
-
Netcong
6.63 miles
-
Morristown
7.46 miles
-
Mount Olive
8.02 miles
-
Mountain Lakes
8.47 miles
-
BP
2.63 miles
-
Delta
2.77 miles
-
Speedway
3.05 miles
-
Sunoco
3.05 miles
-
Costco Gas
3.54 miles
-
Gulf
3.86 miles
-
Tesla Supercharger
3.87 miles
-
Woroco
4.91 miles
-
Speedway
4.97 miles
-
Snono Gas
5.34 miles
-
P9
0.36 miles
-
P7
0.47 miles
-
P8
0.50 miles
-
P6
0.59 miles
-
P5
0.70 miles
-
P4
0.77 miles
-
P1
0.78 miles
-
P2
0.82 miles
-
P3
0.83 miles
-
NJ Transit Mt. Arlington
3.43 miles
-
TownePlace Suites Dover Rockaway
3.34 miles
-
Homewood Suites by Hilton Dover - Rockaway
3.40 miles
-
Hilton Garden Inn Rockaway
3.89 miles
-
Express Hotel & Suites (Mount Arlington-Rockaway Area)
3.91 miles
-
Lakeside Motel
5.74 miles
-
Hampton Inn Denville/Rockaway/Parsippany
5.91 miles
-
Fairfield Inn & Suites Rockaway
5.98 miles
-
Candlewood
6.29 miles
-
Extended Stay America Hotel Mt. Olive - Budd Lake
6.91 miles
-
Hyatt Regency
7.07 miles
-
Dairy Queen
0.15 miles
-
Black River Barn
1.83 miles
-
Dunkin' Donuts
1.85 miles
-
Domino's
2.38 miles
-
Arepas Paisas
2.58 miles
-
Boston Market
2.86 miles
-
McDonald's
2.91 miles
-
Taco Bell
2.92 miles
-
Dover Dairy Maid
3.07 miles
-
Dover Grill
3.08 miles
-
County College of Morris
0.60 miles
-
DeMare hall
0.62 miles
-
Emeriti Hall
0.67 miles
-
Henderson Hall
0.71 miles
-
Canfield Avenue Elementary School
1.34 miles
-
Center Grove Elementary School
1.48 miles
-
Fernbrook Elementary School
1.49 miles
-
Ironia Elementary School
2.08 miles
-
American Christian School
2.10 miles
-
Academy Street Elementary School
2.15 miles
-
Morris Plains Co-Op Play School
5.62 miles
-
First Impressions Nursery School
6.64 miles
-
Cradles To Crayons
7.14 miles
-
Cradles To Crayons
7.38 miles
-
Cradles to Crayons
7.39 miles
-
Kiddie Academy
7.80 miles
-
The Goddard School
9.48 miles
Frequently Asked Questions
What is the lease rate for 765 Route 10?
Rental asking rate at 765 Route 10 is $1,486,835.00/YR.
What is the total square footage of 765 Route 10?
765 Route 10 totals 25,671 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.