Charity second-hand store.
The building of 1393.5 m².
Cost of the facility is 5,217,391 $.
Absolute annual income is 300,000 $.
Current yield of 5,75%.
NN lease — The tenant pays taxes and insurance.
3 and 5-year lease extending option with 15% rent escalations. The contract is concluded for 15 years.
- massive network of retail charity shops which operates as nonprofits as well.
- operates in South Korea, Venezuela, Brazil, Mexico, Panama, Uruguay, the United States, Canada, and 8 other countries
- 162 local points in the United States and Canada
Location and nearby infrastructure
The property is located in New Jersey state in an area with over 233 thousand residents within 8 km of subject property with average household income exceeding 112,000 $. Over 3% projected 8 km population growth by 2020.
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.
There is a restaurant, a pizzeria, a grocery store, a gas station and a mini market in the immediate vicinity.