Cedar Grove Triple Net Retail Asset, Columbia Bank & Medical Space

Investment Overview

This investment opportunity offers the chance to acquire a partially leased property with stable income already in place and additional upside through the vacant 3,500 square foot space. The property is currently anchored by Columbia Bank, which is in year 2 of a 5-year lease and pays $16,198.25 per month. The lease includes 3% annual rent increases and a 5-year renewal option, giving the next owner steady cash flow and long-term tenant stability. The vacant 3,500 square foot space gives a new owner the opportunity to increase income by leasing it to a new tenant or using it for their own business. This makes the property attractive to both investors looking for income with upside and owner-users who want to occupy part of the building while benefiting from the existing bank lease. Overall, this is a strong opportunity with current income, future growth potential, and flexibility.

Investment Highlights

• 7,500 SF modern office building
• 1 unit, built in 2000
• Zoned RC for commercial use
• Prime location in Cedar Grove
• Excellent investment opportunity