[SALE] 597 Piermont Rd, Closter, NJ 07624
- runipex
- 1 hour ago
- 1 min read
Address 597 Piermont Rd, Closter, NJ 07624
GLA 11,000SF
Year Built 1900
Class C
Stories 1
Land Acres 1.43 AC
Zoning R-A
Bldg FAR 0.18
Taxes $6.98/SF (2025)
100% Occupied Absolute NNN Investment
1. Passive NNN Income with Growth
Everbrook Academy occupies 100% of the building under an absolute NNN lease, with 10% rent increases every five years.
2. Near-Term Rent Increase
Annual rent rises from $375,000 to $412,500 in January 2027, increasing yield without re-leasing risk.
3. Income Visibility Through 2052
Pre-negotiated rent growth and renewal options provide long-term, predictable cash flow.
4. Affluent Bergen County Market
Median household income reaches $185,730 within one mile, while submarket vacancy remains exceptionally low at 1.7%.
5. Purpose-Built Daycare Facility
The 1.43-acre property offers dual 200-foot frontage and convenient vehicle access for daily drop-off and pickup.
6. Market-Supported Rent
Current rent of approximately $2.84/SF per month is near the top of the submarket range, supporting durable property value
Contact Agent
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