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3115 State Route 35 3,229 SF Retail Building Hazlet, NJ 07730 $1,600,000 ($495.51/SF) 6% Cap Rate
Executive Summary
Excellent highway property across from Shop-rite and McDonalds. Very good restaurant tenant who has invested very much into the business, offering stability for years to come. Tenant had a preexisting business that moved here so has an established clientele. Long term lease with renewal options with very good annual rent increases. NNN lease with no landlord responsibilities. New photos to be uploaded soon. DO NOT disturb the tenant. Call for viewing.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,229 SF
Building Class
C
Year Built/Renovated
1935/2000
Price
$1,600,000
Price Per SF
$495.51
Cap Rate
6%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.64 AC
Zoning
BH - Highway business, all business uses permitted, current use is a Mexican restaurant with outdoor seating.
Parking
24 Spaces (7.43 Spaces per 1,000 SF Leased)
Frontage
100’ on State Route 35
Amenities
- Drive Thru
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-00182-0000-00010 | Improvements Assessment | $160,000 |
| Land Assessment | $591,300 | Total Assessment | $751,300 |
Property Taxes
Parcel Number
18-00182-0000-00010
Land Assessment
$591,300
Improvements Assessment
$160,000
Total Assessment
$751,300
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Presented by
Kal Ganesan
3115 State Route 35
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