3 Adp Blvd Roseland, NJ 07068

This exceptional investment opportunity presents a fee-simple, 81,134-square-foot traditional office building situated on a 5.7-acre lot at 3 ADP Boulevard, Roseland, New Jersey, 07068. The property is currently 100% occupied by Dish Network under a Net Net (NN) lease with a corporate guarantee, offering significant financial stability. The lease, originally commencing December 1, 2013, has recently been extended, securing a remaining term of 4.9 years, expiring September 30, 2029. The current annual net operating income (NOI) is $1,311,788, yielding an attractive 8.00% capitalization rate based on the asking price of $16,397,350. The building, constructed in 1978 and renovated in 2014, boasts a price per square foot of $202.10. The lease includes annual rent increases of 2.00%, demonstrating strong tenant commitment. Dish Network has made substantial investments in the property, including improvements to generators, security systems, office buildouts, and satellite equipment. Furthermore, approximately $2,000,000 has been recently invested in building improvements, encompassing tenant common areas, HVAC units, asphalt, and roof repairs, with tenant reimbursement amortized over 15 years. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and significant recent capital improvements, making it an ideal addition to any investment portfolio. Essex County location provides easy access to major transportation routes.