Supermarket, Newark, USA

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Supermarket, Newark, USA

$2,000,000
$2,244 /m²
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  • Total area
    891 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    $11
  • Built in 
    1960
Details
Property parameters
  • Land area: 2,171 m²
  • Number of parking lots: 25
  • 1-floor building
Financial performance
  • Annual income: $125,364
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2015
Features
  • Street retail

Street retail in a stand-alone building.

Description

Total area of the property is 891 m²

Building was renovated in 2016, roof and HVAC were refurbished.

The purchase price includes parking for 25 cars.

Financial performance

Absolute annual income is 112,982 $.

The current yield of 6%.

Tenants

The tenant is a supermarket chain with about 130 branches in 5 States.

The lease agreement was signed for 15 years with extension options for 2x10 years.

The agreement stipulates the rental payment indexation at 10% every 5 years.

Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.

Location and nearby infrastructure

Supermarket situated in the city of Newark, NJ, in the densely populated area. There are University, few churches and public transport stops located within walking distance from the property.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in the USA.

You can see more supermarkets for sale in New Jersey elsewhere on our website.

Statistics in the USA

Price per m², $
2,529
Healthcare efficiency level
69
Index 69 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
53
Index 53 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 2,528.29
Apartment in a bedroom community, m² 1,836.36
Transport Price, $
Public transport, 1 ride 2.16
Monthly travel card 68.85
Taxi, 1 km 1.68
Petrol, 1 l 0.72
Food Price, $
Water, 1.5 l 1.73
Milk, 1 l 0.81
White bread, 500 g 2.55
Eggs, a dozen 2.23
Chicken fillet, 1 kg 8.32
Education Price, $
Kindergarten, per month 870.87
International school, per year 16,823.69
Health care index
Staff competence 74.34
Medical equipment 86.6
Research accuracy and completeness 75.08
Attitude towards patients 75.73
Security index
Crime rate 52.36
The risk of being robbed 40.65
The risk of car theft 53.07
The risk of break-in and property damage 54.99

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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