Listed by Jeffery Realty
$1,281,993.7
299 Route 1
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,312
Cap Rate 7.25%
NOI $92,445
Tenancy Single
Brand/Tenant T-Mobile
Lease Type NNN
Rent Bumps Yes
Lease Options 5 renewal options: 7/01/2027-6/30/2028: $108,935.89; 7/01/2028-6/30/2029: $112,203.97; 7/01/2029-6/30/2030: $115,570.09; 7/01/2030-6/30/2031: $119,037.19; 7/01/2031-6/30/2032: $122,608.31
Buildings 1
Acreage 0.074
Investment Type Net Lease
Tenant Credit Franchisee
Retail | 7.25% CAP | 2,312 SqFt
Marketing description
299 Rt. 1 Edison, NJ
Investment highlights
- Single tenant T-Mobile NNN asset for sale
- Access from three roadways
- LL Responsibilities: $2,000 Roof Structure, Building Insurance
- Tenant Responsibilities: HVAC, Interior Components, Glass and Doors, CAM
Listing Contacts
Listed by Jeffery Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,444.55
$7,703.71/mo
Valuation Metrics
0
DSCR
7.21%
Cap Rate
7.21%
ROI
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Property History
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