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132-134 Bloomfield Ave 6,600 SF Retail Building Newark, NJ 07104 $1,100,000 ($166.67/SF) 5.82% Cap Rate
Executive Summary
Double Net Lease, Tenant pays for everything except property taxes. 10 year lease, 9.5 remaining. $6000 monthly rent, with 3% annual increases each December ($180 increase in December 2025). Tenant pays for any increase in real estate tax. Tenant responsible for structure, roof, maintenance, and all else except taxes. Deposits rent every month into business account without hassle.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,600 SF
Building Class
C
Year Built
1979
Price
$1,100,000
Price Per SF
$166.67
Cap Rate
5.82%
NOI
$64,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.95
Lot Size
0.16 AC
Zoning
RDV-SD - Downtown Core District Redevelopment Plan
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00511-0000-00060 | Improvements Assessment | $80,000 |
| Land Assessment | $108,000 | Total Assessment | $188,000 |
Property Taxes
Parcel Number
14-00511-0000-00060
Land Assessment
$108,000
Improvements Assessment
$80,000
Total Assessment
$188,000
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132-134 Bloomfield Ave