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Oakland McDonald's 24 Oakland ave 4,300 SF Retail Building Oakland, NJ 07436 $4,285,715 ($996.68/SF) 3.50% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN LEASE
- NEW HIGH QUALITY 2025 CONSTRUCTION
- TWENTY YEAR BASE TERM
- ONLY MCDONALD'S AVAILABLE IN BERGEN COUNTY
- RENT COMMENCEMENT IN 2026
- LOCATED OFF OF INTERSTATE 287
EXECUTIVE SUMMARY
The Property is located at 24 West Oakland Ave in Oakland, NJ; the site is located in Bergen County and is easily accessible to Interstate 287! The retail center is located at a signalized intersection, situated in the heart of the retail corridor of the area. Conveniently located in a shopping center with multiple points of ingress and egress.
The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 38,382 and 112,353 within a 5-mile radius. Additionally, within a 3 mile radius of the subject property, there are 14,217 households with an average household income of $151,002.
Some of the surrounding retailers in the immediate area include Columbia Bank, ConnectOne Bank, CityMD, Starbucks, Burger King, Chase Bank, Walgreens, Taco Bell, Bank of America, ShopRite and many more!
The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 38,382 and 112,353 within a 5-mile radius. Additionally, within a 3 mile radius of the subject property, there are 14,217 households with an average household income of $151,002.
Some of the surrounding retailers in the immediate area include Columbia Bank, ConnectOne Bank, CityMD, Starbucks, Burger King, Chase Bank, Walgreens, Taco Bell, Bank of America, ShopRite and many more!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,300 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,285,715
Price Per SF
$996.68
Cap Rate
3.50%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.90 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- McDonald's
- Accommodation and Food Services
- 4,300 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| McDonald's | Accommodation and Food Services | 4,300 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42-01706-0000-00006 | Improvements Assessment | $1,492,000 |
| Land Assessment | $698,400 | Total Assessment | $2,190,400 |
PROPERTY TAXES
Parcel Number
42-01706-0000-00006
Land Assessment
$698,400
Improvements Assessment
$1,492,000
Total Assessment
$2,190,400
(201) 560-1800
x311
CONTACTS
-
Jordan Liebowitz -
Brian Wasilenko -
Kyle Star -
Landmark Real Estate Company
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Oakland McDonald's | 24 Oakland ave
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