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Best Friends Pet Care 310 US 22 10,362 SF Retail Building Green Brook, NJ 08812 $4,265,517 ($411.65/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Corporate Lease
- Strategic Location
- Substantial Rent Increases
- Zero Landlord Responsibilities
- Recession & E-Commerce Resistant Tenant
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Best Friends Pet Care located at 310-312 Route 22 W in Green Brook, New Jersey (the “Property”). The build-to-suit Property was constructed in 2019 and Best Friends Pet Care has 9+ years remaining on their Absolute NNN lease with three (3), 5-year renewal options. The Lease features an attractive 1.5% annual rent increase throughout the primary lease term and renewal options. The Property is exceptionally well located along US Route 22, the area’s primary commercial and commuter corridor. The well-maintained Property enjoys outstanding visibility and frontage and is surrounded by national and local retailers and restaurants that drive traffic to the area. The Property is also convenient to the area’s densely populated residential neighborhoods providing a built-in customer base. The Property is easily accessible from Interstate 287 and NJ Route 28 and is only 35-miles southwest of New York City.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
10,362 SF
Building Class
C
Year Built
2019
Price
$4,265,517
Price Per SF
$411.65
Cap Rate
8%
NOI
$341,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.91 AC
Zoning
RHC
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Best Friends Pet Care
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Best Friends Pet Care | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-00103-0000-00014 | Improvements Assessment | $900,000 |
| Land Assessment | $800,000 | Total Assessment | $1,700,000 |
PROPERTY TAXES
Parcel Number
09-00103-0000-00014
Land Assessment
$800,000
Improvements Assessment
$900,000
Total Assessment
$1,700,000
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Best Friends Pet Care | 310 US 22
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