Listed by Bussel Realty Corp
$3,650,000
33 Route 27 Edison NJ
Details
Property Type Retail
Sub Type Bank, QSR/Fast Food
Square Footage 2,900
Net Rentable (SqFt) 2,900
Occupancy 58%
Tenancy Multi
Lease Type NNN
Lease Term 10
Lease Expiration 05/01/2032
Remaining Term 5.8
Lease Options two (2) Five (5) year options
Pro-Forma Cap Rate 4.93%
Pro-Forma NOI $180,000
Price per SqFt $1,259
Broker Co-Op Yes
Class A
Year Built 1997
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.490
Zoning GB
Investment Type Owner/User
Tenant Credit Franchisee
Lease Commencement 05/01/2022
Occupancy Date 07/25/2024
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 2,900 SF
Marketing description
The property is 2,900 SF and partially leased to InFocus Urgent Care (1,672 SF) with 1,228 SF available including a drive-thru providing a rare opportunity to purchase a property with significant upside in a prime retail market. Subject property is located near many national retailer: McDonald’s, Starbucks, 7-Eleven, Dunkin, Rite Aid, Dominos, Hackensack Meridian Health Hospital, and Menlo Park Mall.
Located on a corner at a traffic-controlled intersection with great visibility.
Investment highlights
Property Size: 2,900 SF (Two units)
Occupied Unit: 1,672 SF (InFocus Urgent Care)
Vacant Unit: 1,228 SF (Drive-Thru)
Acres: 0.49
NOI: $180,000
Listing Contacts
Listed by Bussel Realty Corp
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Zoning
G-B CommercialGeneral CommercialGeneral Business District
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