CityMd Retail Center

Long Term Leases: All three tenants are operating under 10-year initial lease terms, with just over nine years of weighted average lease term (WALT) remaining.
Lease Structure: All tenants are subject to NNN leases that include scheduled rental increases throughout both the base and option terms. A future landlord will benefit from increasing cash flow, improved returns, and built-in inflation protection.
Diverse Tenant Mix: The property features a complementary mix of medical and retail tenants within a newly redeveloped strip center. Two of the tenants are established multi-unit operators with strong local and Northeast brand recognition.
High-Traffic and Visibility: Positioned along US-1, the property offers convenient access for patients and customers and benefits from exposure to over 81,400 vehicles per day directly in front of the site.
Dense & Affluent Demographics: Strategically located in Edison, NJ, the asset benefits from dense and affluent surrounding demographics, including a population exceeding 294,000 within a five-mile radius and average household incomes above $119,000.
Retail Corridor: US-1 in Edison is a dominant retail corridor. The property is surrounded by strong local and national tenants, including 99 Ranch Market, Planet Fitness, Wawa, CVS, Ferrari, BMW, Volvo, Lexus, Public Storage, Wendy’s, Jollibee, and others.

Navigation Menu