Metrodoc Urgent Care Leases Retail Space In Fairview, NJ With Landlord David Choi Newbergenline
378 Bergen Boulevard, Fairview, New Jersey 07022, United States
Building Size
3,295 SF
Asset Type
Retail
Closing
Mar 24, 2022
AI
The retail property located at 378 Bergen Blvd in Fairview, NJ has been leased to Metrodoc Urgent Care. The lease terms are for 10 years with an asking rent of $25 per square foot. The space spans a total of 3,295 square feet and is available for a triple net lease. The landlord, David Choi Newbergenline, facilitated the deal through broker Chris Conway from The Goldstein Group.
Summary of transaction details:
- Property Type: Retail
- Address: 378 Bergen Blvd, Fairview, NJ
- Tenant: Metrodoc Urgent Care
- Lease Terms: 10 years
- Asking Rent: $25/ft.
- SF: 3,295
- Lease Type: NNN
- Landlord: David Choi Newbergenline
- Broker: Chris Conway - The Goldstein Group
Chris Conway from The Goldstein Group was instrumental in securing this off-market deal. The lease includes the option for two additional 5-year terms. As part of their requirements, they are specifically looking for urban locations with parking and can accommodate spaces between 2,000 and 3,500 square feet. Interested parties can reach out to Chris Conway via email at [email protected].
Players
Fairview Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93