Meridian Investment Sales is pleased to present the exclusive offering of 500 North Franklin Turnpike, a premier office building strategically located in Ramsey, NJ. The property is located in the charming town of Ramsey in Bergen County and is located at the intersection of North Franklin Turnpike and Hilltop Road. The location provides for substantial visibility and traffic and features excellent natural light and air.
The building is 136,481 rentable SF across three stories and is situated on approximately 8 acres, featuring exceptional ceiling heights of 13' and roughly 685 striped parking spots. The tenant roster includes a diverse mix of medical offices and business suites, with notable tenants such as Rockland Surgical 10,974 RSF and leased through June of 2035) and Bierman ABA, Inc (12,627 SF leased through May of 2034). The property boasts a WALT of approximately five years, providing a stable cash flow stream for the foreseeable future.
500 North Franklin Turnpike benefits from a location along the bustling Franklin Turnpike, surrounded by prominent national retailers including Aldi, Starbucks, Home Depot, and Walgreens, as well as luxury car dealerships such as Lexus and BMW. The surrounding area is characterized by strong demographics, with a median household income exceeding $160,000 and a population of over 170,000 within a five-mile radius. This property represents a compelling investment opportunity, combining long term tenant stability with a prime location in a high-income market.