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33 Route 27 Edison NJ
Retail | 2,900 SF
Listing Contacts
License: NJ NJ 1758147
License: NJ 1758145
Active
Asking Price: $3,650,000
Address
33 NJ-27, Edison, NJ 08820
Show on MapDate Added
Jul 25, 2024
Days on Market
233 days
Time Since Last Update
47 days
Details
Property TypeRetail
SubtypeBank, QSR/Fast Food, Storefront
Investment TypeOwner/User
ClassA
Lease TypeNNN
Tenant CreditFranchisee
TenancyMulti
Number of Tenants1
Lease Term10 years
Lease Commencement05/01/2022
Lease Expiration05/01/2032
Remaining Term7.1 years
Square Footage2,900
Net Rentable (sq ft)2,900
Price/Sq Ft$1,258.62
Pro-Forma Cap Rate4.93%
Occupancy58%
Occupancy Date07/25/2024
Pro-Forma NOI$180,000
Year Built1997
Year Renovated2022
Buildings1
Stories1
ZoningGB
Lot Size (acres)0.49
Broker Co-OpYes
Lease Optionstwo (2) Five (5) year options
OwnershipFee Simple
Sale Condition1031 exchange
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
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Valuation Calculator
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Property History
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Due Diligence
Listing Contacts
- License: NJ NJ 1758147
- License: NJ 1758145
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Broker Information
Broker Information
Broker Name
Connor Vanderbeek
Broker License
NJ NJ 1758147
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