215 Rivervale Rd
River Vale, NJ 07675
STABLE ASSET WITH MAJOR UPSIDE · Retail Property For Sale
Property Facts
About 215 RIVERVALE RD , RIVER VALE, NJ 07675
The Thurston Group LLC exclusively presents a unique opportunity to acquire a 100% occupied Retail Strip Center in Bergen County. The Property is a stabilized asset with upside in rents-SEE PRO FORMA. The Property has been meticulously maintained. The tenants are separately metered for their utilities. Several of the tenants are long term tenants and there is one that presents major upside in the rent. Each of the leases have 3% annual increases in the original and option terms. All of the the tenants pay reimbursements except Tommy Sushi who has their reimbursements built into the rent. Polish Nails has already exercised their option to renew starting 9/1/2019. The market has high occupancy. FOR OFFERING MEMORANDUM EMAIL DAVID E. THURSTON AT dthurston@groupthurston.com
Property Taxes
| Parcel Number | 53-01719-0000-00006 | Improvements Assessment | $652,200 |
| Land Assessment | $888,800 | Total Assessment | $1,541,000 |
Property Taxes
