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2 Mount Bethel Rd 4,000 SF Retail Building Warren, NJ 07059 $1,500,000 ($375/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Warren Village Shopping Center gas station for sale with triple investment for sale lease in the renewal period from December 1, 2021 through November 30, 2031, and the rent increases from the present rent of $97,200 to $108,000 in this term with 7% Cap Rate. Great location in the middle of the town and close to major highways.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
4,000 SF
Building Class
C
Year Built
1960
Price
$1,500,000
Price Per SF
$375
Cap Rate
7%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.86 AC
Zoning
CB
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-00089-0000-00001-02 | Improvements Assessment | $150,000 |
| Land Assessment | $690,000 | Total Assessment | $840,000 |
PROPERTY TAXES
Parcel Number
20-00089-0000-00001-02
Land Assessment
$690,000
Improvements Assessment
$150,000
Total Assessment
$840,000
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2 Mount Bethel Rd
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