Map of Property

765 Route 10 Listing Details & Market Data

765 Route 10, Randolph, NJ 07869

  • 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 Mar 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

Contacts

broker

Kim Kretowicz

Wolf Commercial Real Estate

(856) 857-6300

Location

Getting Around

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  • 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

  • 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

Contact Listing Broker

broker

Kim Kretowicz

Wolf Commercial Real Estate

(856) 857-6300