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Fayette Roxbury Strip Center 15 State Route 10 E 17,124 SF 100% Leased Retail Building Succasunna, NJ 07876 $4,962,000 ($289.77/SF) 7% Cap Rate
Investment Highlights
- 4.4+ Years Walt | Options To Extend | Rental Increases
- Dense Retail Corridor | Strong Tenant Synergy
- Strong Frontage On State Highway 10 (31,900 VPD) | Proximity To I-80 (114,000 VPD) | Regional Connectivity
- NNN Lease Structures | Minimal Landlord Responsibilities
- Proximity To Community Anchors
- Strong Demographics In 5-Mile Trade Area | New York-Newark-Jersey City MSA
Executive Summary
SRS Multi-Tenant Investments is pleased to present the fee simple interest in a 100% leased, multi-tenant retail center located in Succasunna, New Jersey, within the New York–Newark–Jersey City MSA. The asset features 4.4+ years of weighted average lease term with all tenants holding renewal options, several with scheduled rental increases. All leases are NNN with tenants reimbursing for taxes, insurance, and CAM; landlord responsibilities are minimal and fully reimbursed, making this an ideal low-maintenance investment for passive or out-of-state buyers.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
17,124 SF
Building Class
C
Year Built
1969
Price
$4,962,000
Price Per SF
$289.77
Cap Rate
7%
NOI
$347,324
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.40 AC
Zoning
B-2
Parking
71 Spaces (4.15 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-01905-0000-00020 | Improvements Assessment | $2,698,300 |
| Land Assessment | $488,000 | Total Assessment | $3,186,300 |
Property Taxes
Parcel Number
36-01905-0000-00020
Land Assessment
$488,000
Improvements Assessment
$2,698,300
Total Assessment
$3,186,300
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Fayette Roxbury Strip Center | 15 State Route 10 E
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