Map of Property

765 Route 10

For Sale

765 Route 10, Randolph, NJ 07869

This Randolph property for sale is located at 765 Route 10. The general use of 765 Route 10 is office and it incorporates 25,671 square feet of class A office space. The current listed sale price for 765 Route 10 is $2,973,670. 765 Route 10 is situated on a lot that is 5.9 acre in size.

Contacts

broker

Kim Kretowicz

Wolf Commercial Real Estate

(856) 857-6300

Property Details

  • 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.

 

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Getting around

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Location

  • 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

  • Bravo

    2.36 miles

  • ShopRite

    3.03 miles

  • The Shops at Ledgewood Commons

    3.33 miles

  • BJ'S Wholesale Club

    3.36 miles

  • Big Lots

    3.39 miles

  • Shoprite

    3.39 miles

  • Target

    3.66 miles

  • Walmart

    3.71 miles

  • JCPenney

    3.81 miles

  • Sears

    3.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Kim Kretowicz

Wolf Commercial Real Estate

(856) 857-6300