This Retail Property is Off-Market.

90 County Road
Tenafly, NJ 07670 ·

4,550 SF · Retail For Sale

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Tenafly NNN

Price N/A Cap Rate 7.06%
Building Size 4,550 SF No. Stories 2
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Office Building
Year Built 2008
Property Use Type Net Lease Investment with 5 years left on lease Lot Size 0.32 AC
Commission Split 1.5% APN / Parcel ID 610106010000000027
Listing ID: 17682024 Date Created: 05/29/2012 Last Updated: 08/20/2014

Description

Marcus and Millichap is pleased to present the sale of 90 County Road in Tenafly, New Jersey. The subject property is a 100 percent leased single tenant property, by Prominent Properties Sotheby's International Realty. The building size is 4,550-square feet and is located in downtown Tenafly, New Jersey. The building had a complete gut renovation in 2008, including HVAC, roof, windows etc..6.5 Years Remain on Lease w/ Tenant willing to
Extend up to3-5 more years on Intial Term

The property is very visible and has an excellent traffic count. County Road is a main road that passes through the downtowns of affluent towns such as Englewood, Tenafly, Cresskill and Closter. In the immediate area you have BMW,CVS, 7-11 and other national tenants as well as brand new apartment developments, a vibrant downtown with many restaurants, coffee shops and boutiques..

Highlights

  • 2011 Average One Mile Household Income $189,000
  • 10% Rent Increase on 12/1/2013- Rent Increases to $151,000
  • Building in Excellent Condition-Complete Gut Renovation in 2008
  • 6.5 Years Remaining on Lease w/ Tenant open to extending an additional 3-5 Years

Research

90 County Road, Tenafly, NJ 07670 (Bergen County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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