The Ficke Team of Colliers International is pleased to present to qualified investors an opportunity for the CAN Community Health facility located at 295 E Main Street, Denville, New Jersey 07834. This single tenant clinic is 17,700 SF and is situated on 1.626 acres. This is a renovate-to-suit medical clinic that features a 1st generation 16-year lease, three 5-year options and 3% annual escalations throughout the term. An investor will receive long-term cash flow from a mission-critical healthcare provider while receiving protection against any inflationary forces through the annual rent increase over the life of the lease.
#1 MSA with 14,000 HIV positive cases per 100,000 people in the surrounding counties
2020 renovate-to-suit construction
1st Generation 16 Year Lease with (3) 5-Year Renewal Options
3% annual rent escalations
Zero landlord responsibilities