40 Park Ave
Summit, NJ 07901
The Learning Experience (New Construction) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-Year NN lease with 10% rent increases every 5 years
- 2-story 11,000 SF building with an two outdoor playgrounds including one on the roof
- 7-year corporate guarantee burn off
PROPERTY FACTS
Property Type
Retail
Building Size
11,000 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.38 AC
Zoning
NB
Frontage
80’ on Park Avenue
PROPERTY TAXES
| Parcel Number | 18-04004-0000-00001 | Improvements Assessment | $242,500 |
| Land Assessment | $192,000 | Total Assessment | $434,500 |
