Residential Substance Abuse Detox Center
For Sale in NJ
Financial & Assets Details
About the Business
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. A two-month rent grace period will be supplied in order to assume the cost of any renovations. The landlord is responsible for outside communal area maintenance. Tenant is responsible for appropriate Security deposit and the portion of property taxes and utilities for this building. Lease has been approved by the State House of New Jersey and prepared by the Attorney General’s office. This opportunity is quite unusual and is projected to supply a substantial return on investment and many years of profit to the owner operator. This business transaction is absolutely confidential; all viewings are by appointment only.
This closed facility consists of a fully operational residential state licensed substance abuse, detox & counseling center. The facility consists of four floors, 66,000 square feet, approximately 95 rooms in an elevator building. The center has upgraded central heating and air conditioning, dozens of toilet facilities and sufficient private parking. The facility has additional space for staff offices, counseling and meetings areas. The center is located in a beautiful rural area of Northern New Jersey conveniently near various local and state highways.