154 E Broad St | Westfield, NJ 07090
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154 E Broad St
Westfield, NJ 07090
Urban Outfitters | 12.5% Rental Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Westfield, NJ is just 16 miles from Manhattan and benefits from some of the most affluent and dense demographics in the country
- The lease boasts 12.5% rental increases every five-years, with the next increase in December 2022 and then again in the option period
- Westfield is a dense, walkable, retail destination featuring national brands in addition to dozens of local eateries, boutiques and complimentary uses
- Urban Outfitters has successfully operated in this location for 10 years and recently extended their lease by another 5 years
- The subject property is a former vacant bank branch that has been transformed into a three-story building that spans over 12,000 square feet
- Footsteps away from the Westfield station on the NJ Transit Raritan Valley Line with service to Newark and New York Penn Station
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
12,980 SF
Building Class
B
Year Built/Renovated
1926/2012
Tenancy
Single
Building Height
2 Stories
Building FAR
4.00
Lot Size
0.07 AC
Zoning
Commercial
Frontage
PROPERTY TAXES
| Parcel Number | 20-03105-0000-00011 | Improvements Assessment | $568,500 |
| Land Assessment | $2,681,500 | Total Assessment | $3,250,000 |
PROPERTY TAXES
Parcel Number
20-03105-0000-00011
Land Assessment
$2,681,500
Improvements Assessment
$568,500
Total Assessment
$3,250,000
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