3,456 SF Restaurant | Investment Sale Strong Tenant In Place
Retail | 5.60% CAP | 3,456 SqFt
Marketing description
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Introducing an exceptional retail investment opportunity in the heart of Union City New Jersey. This exceptional property, built in 1898 and renovated in 2018, offers a prime 3,456 SF retail space ideal for forward-thinking investors. Boasting commercial retail zoning and featuring a singular, versatile unit, this property presents an attractive canvas for retail and street retail endeavors. The location offers the potential for high visibility and foot traffic in this thriving market. A unique blend of historical charm and modern functionality, this property is poised to elevate any retail venture's success in this dynamic and sought-after Northern New Jersey location.
Investor Highlight: A long-term tenant is already secured with a newly executed 10-year lease, currently in Year 1, providing immediate, stable income and long-term investment security. This turnkey, income-producing property presents an excellent opportunity for investors seeking a reliable asset in a high-demand market.
Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey's most active urban corridors.
Investment highlights
- 3,456 SF versatile retail space
- 10-year lease, currently in Year 1 (Blended Cap Rate of 7.04%)
- Ideal for retail and street retail tenants
- High visibility and foot traffic potential
- Restaurant and/or Nightclub Lounge
- Basement with Freezer Boxes and private office
- Versatile retail space with commercial retail zoning
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