140-142 Ferry St | Newark, NJ 07105
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- LoopNet Team
140-142 Ferry St
Newark, NJ 07105
Walgreens · Retail Property For Sale
Investment Highlights
- Commitment: Brand new 15-year lease with 5% rental escalations throughout the initial term and options
- Landlord Responsibilities: Allows for a true passive investment with no management required
- Demographics: Over 261,000 residents and average household incomes of $67,700+ within a 3-mile radius
- Location: Asset situated on a signalized hard corner intersection on Ferry Street and Monroe street with over 14,000 vehicles per day
- Tax Benefits: Investors can depreciate land and building due to fee simple ownership
- Credit: Opportunity to acquire an investment grade (S&P: BBB) asset in Newark, New Jersey
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,106 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
1.00
Lot Size
0.19 AC
Zoning
R-4
Frontage
68’ on Ferry St
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | 14-01989-0000-00024 | Improvements Assessment | $1,272,900 |
| Land Assessment | $517,500 | Total Assessment | $1,790,400 |
Property Taxes
Parcel Number
14-01989-0000-00024
Land Assessment
$517,500
Improvements Assessment
$1,272,900
Total Assessment
$1,790,400
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