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1076 E Chestnut Ave
Vineland, NJ 08360 Vineland/Millville

$4,358,000 USD

Medical For Sale  •  14,000 SF

Property Details

• Property Type Medical
• Total Building Size 14,450 SF
• Lot Size 1.21 AC
• Building Class B
• Year Built 1994
• Cap Rate 6.75 %
• Tenancy Single
• Zoning R-P

0 Transit Score

42 Walk Score

Highlights

Institutional Health System Tenancy: The property is leased to Penn Medicine, a premier academic health system comprising six acute-care hospitals

Triple Net (NNN) Lease: The lease is structured on a NNN basis, placing taxes, insurance, and maintenance responsibilities on the tenant.

Contractual Rent Growth: The lease includes fixed 2.75% annual rental escalations, delivering predictable income growth

Affluent Surrounding Demographics: The property is situated in a high-income area, with average household incomes exceeding $100k

Strategic Location with Proximity to Major Healthcare Hub: Located along Chestnut Avenue just off NJ Route 55

High-Quality, Professionally Maintained Facility: The building presents in strong physical condition, with well-maintained systems

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Wachspress Rainear & Rana Cardiology Associates PA

Amenities

• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Atlantic City International	62 min	-	28.8 mi
Philadelphia International	65 min	-	45.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	53
Type:	Surface
Included in Rent:	Yes