Listed by KW Commercial
$1,495,000
101 Walnut St, Montclair, NJ
Details
Property Type Retail
Sub Type Retail
Square Footage 3,327
Cap Rate 4.00%
NOI $59,011
Pro-Forma Cap Rate 10.00%
Pro-Forma NOI $149,715
Year Built 1939
Buildings 1
Stories 1
Lot Size (SqFt) 9,111
Zoning C2
Ground Lease No
Retail | 4.00% CAP | 3,327 SqFt
Marketing description
101 Walnut Street present a rare opportunity to investors and owner/users to acquire a large retail corner property with an oversized lot with parking in downtown Montclair, NJ. Montclair Brewery is a long term tenant with a lease expiration of September 2027 (less than 2 years). The property presents upside potential that can be realized through future lease negotiations or re-leasing of the space.
Investment highlights
Expansive Building Footprint on a Single Story
3,327 SF Building
Oversized Lot w/Parking
9,111 SF Lot Size
One Block from Train Station
Short Distance to Bloomfield Ave
Many Approved Retail Uses
NNN Lease in Place
Listing Contacts
Listed by KW Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,011.00
$4,917.58/mo
Valuation Metrics
0
DSCR
3.95%
Cap Rate
3.95%
ROI
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Property History
Tax History
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