Shop – New Jersey, USA

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Shop – New Jersey, USA

$6,625,000
$3,732 /m²
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  • Total area
    1,775 m²
  • Yield
    6.03 %
  • Rental rate (m²/month)
    $17.8
  • Built in 
    2009
Details
Property parameters
  • Land area: 7,972 m²
  • 1-floor building
Financial performance
  • Annual income: $379,187
Tenants
  • Fully let

Retail drug store/ strip center.

Description

Building area: 1,775 m².

The plot is 7,972 m².

Financial performance

The cost of the facility is 6,625,000 $.

The absolute annual income is 399,487 $.

The current yield of 6,4%.

Tenants

Leased to two tenants.

The first tenant is an American company that operates as one of the largest pharmacy store chain in the United States. The company operates more than 8 thousand stores in all 50 states, the District of Columbia, Puerto Rico, and the U. S. Virgin Islands.

The second tenant is an American technology and international real estate franchise, one of the largest privately held global residential real estate brokerages with over 180,000 associates worldwide.

Location and nearby infrastructure

The facility is located in the state of New Jersey, Ocean County.

There is a pharmacy, a hospital, restaurants, a pizzeria and a mini market in the immediate vicinity.

Ocean County is located 80 km east of Philadelphia, 110 km south of New York City, and 40 km north of Atlantic City, making it a prime destination for residents of these cities.

Ocean County has state routes that go through Route 13, 35, 37, 70, 72, 88 and 166. Other major routes that pass through are U. S. Route 9, the Garden State Parkway and Interstate 195.

New Jersey is a state in the Mid-Atlantic region of the Northeastern United States. It is a peninsula, bordered on the north and east by the state of New York. New Jersey is the 11th-most populous state, with 9 million residents, the most densely populated of the 50 U. S. states and third-wealthiest state by median household income. The territory of the state belongs to the urban agglomerations of New York and Philadelphia.

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    Location right down to the building, street or city
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    Other offers nearby

More properties

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

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

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