New store with a 20-year lease, New Jersey, USA

Additional information is provided after the signing of an NDA

New store with a 20-year lease, New Jersey, USA

$915,000
$1,946 /m²
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  • Total area
    470 m²
  • Yield
    7.3 %
  • Rental rate (m²/month)
    $11.2
  • Built in 
    2019
Details
Property parameters
  • Land area: 525 m²
  • Number of parking lots: 6
  • 1-floor building
Financial performance
  • Annual income: $66,775
Tenants
  • Fully let
  • End of lease: 2039

Store with a well-known retail chain tenant and a long-term lease agreement.

Description

Detached one-story building with a total area of 470 m².

There is parking for 6 cars.

The store building was constructed in 2019.

Tenants

The tenant is a well-known American chain of auto stores with more than 600 stores.

The lease agreement is valid for 20 years, starting from February 12, 2019.

The rental rate is scheduled to increase by 2% annually throughout the base term of the lease, starting from June 1, 2020.

Agreement type: Double Net Lease.

Location

The property is located in the state of New Jersey, Morris County, in a city with a population of about 20 thousand people. The property is surrounded by residential buildings.

New York City (Manhattan) is about 50 km away.

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.

  • 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 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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