Residential Substance Abuse Detox Center
New Jersey
Absentee Owner: No
LocationLease Expire: 0000-00-00
SummaryBusiness Description:
Sold, Unusual business opportunity for this licensed Residential Substance abuse in-patient detox/rehabilitation center approved with the New Jersey Department of Community Affairs and required municipal zoning. This transaction will include all of the required state and municipal licenses to conduct business. The facility is a closed New Jersey owned psychiatric hospital which has NOT been decommissioned. The center is presently closed and requires redecorating prior to operating. This facility has a capacity for approximately ninety-five (95) residential beds, consists of 66,000 square feet on four floors, and is located on a beautiful, rural, wooded fifty-acre country setting. The facility also has various offices consisting of 2,500 square feet for administrative use. The facility has breathtaking tranquil views overlooking central and northern New Jersey. The sale will include a fifteen-year commercial lease with a gross yearly rent based on $7.83 per square foot, plus additional five-year options, and 3% CPI rent increase within 3 years, please see lease agreement for specific details.