90 County Road, Tenafly, NJ, 07670 - Available for Sale

Retail For Sale

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Tenafly NNN

90 County Road, Tenafly, NJ 07670

$2,150,000

4,550 SF | Retail

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Retail Property For Sale - In Contract

Price:
$2,150,000
Building Size:
4,550 SF
Price/SF:
$472.53
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Office Building
Property Use Type:
Net Lease Investment with
5 years left on lease
Commission Split:
1.5%
Cap Rate:
7.06%
No. Stories:
2
Tenancy:
Single
Year Built:
2008
Lot Size:
0.32 AC
APN / Parcel ID:
610106010000000027
Listing ID
17682024
Last Updated
24 days ago

Find Out More...

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

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..

Financial Summary

  • Actual
  • $138,000

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

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

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Presented by Marcus and Millichap
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More from:

Greg Babaian

Specializing in Northern NJ Investment / Commercial Real Estate

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Asking Price Index Trends for Tenafly, NJ Retail For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$153+0.7%+3.7%
-
Metro
$216+0.7%+2.1%
-
County
$237+7.5%+1.7%

View Tenafly Market Trends for other property types for sale or lease. Learn more about the chart info.

Tenafly NNN
  • Retail
  • $2,150,000
  • 4,550 SF