Dr William Mustafa, PsyD, CCIM, CIPS
Listed by EXP Realty, Dr William Mustafa, PsyD, CCIM, CIPS
$1,995,000
Martin Avenue Shops
Details
APN 0706402005
Property Type Retail
Sub Type Convenience Store, Shopping Center
Square Footage 9,520
Net Rentable (SqFt) 9,520
Units 1
Cap Rate 7.16%
NOI $142,800
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $210
Broker Co-Op Yes
Class A
Year Built 2007
Buildings 1
Stories 1
Lot Size (SqFt) 78,137
Zoning B-2
Parking Spaces 26 spaces
Parking Per SqFt 2.73
Investment Type Owner/User
Retail | 7.16% CAP | 9,520 SF
Marketing description
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
Investment highlights
NNN 7.16% Cap Rate at asking rent
Potential owner lease back
Listing Contacts
Dr William Mustafa, PsyD, CCIM, CIPS
Listed by EXP Realty, Dr William Mustafa, PsyD, CCIM, CIPS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,800.00
$11,900.00/mo
Valuation Metrics
0
DSCR
7.16%
Cap Rate
7.16%
ROI
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