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3,456 SF Restaurant | Year 1 of 10-Year Lease 4105 Park Ave 3,456 SF Retail Building Union City, NJ 07087 $1,500,000 ($434.03/SF) 5.60% Cap Rate
Investment Highlights
- 10-year lease, currently in Year 1
- Renovated in 2018
- High visibility and foot traffic potential
- Singular, adaptable unit | Zoned for commercial retail use
- 3,456 SF versatile retail space
- Basement with Freezer Boxes and private office
Executive Summary
Investor Highlight: A long-term tenant is already secured with a newly executed 10-year lease, currently in Year 1, providing immediate, stable income and long-term investment security. This turnkey, income-producing property presents an excellent opportunity for investors seeking a reliable asset in a high-demand market. Triple Net Tenant in Place.
Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey’s most active urban corridors.
10-Year Rent Schedule (5% Annual Increases)
Year 1
$84,000 per year | $7,000 per month
Year 2
$88,200 per year | $7,350 per month (+5%)
Year 3
$92,610 per year | $7,718 per month (+5%)
Year 4
$97,241 per year | $8,103 per month (+5%)
Year 5
$102,103 per year | $8,508 per month (+5%)
Year 6
$107,208 per year | $8,934 per month (+5%)
Year 7
$112,568 per year | $9,381 per month (+5%)
Year 8
$118,196 per year | $9,850 per month (+5%)
Year 9
$124,106 per year | $10,342 per month (+5%)
Year 10
$130,311 per year | $10,859 per month (+5%)
Total Rent Over 10 Years:
$1,056,543
Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey’s most active urban corridors.
10-Year Rent Schedule (5% Annual Increases)
Year 1
$84,000 per year | $7,000 per month
Year 2
$88,200 per year | $7,350 per month (+5%)
Year 3
$92,610 per year | $7,718 per month (+5%)
Year 4
$97,241 per year | $8,103 per month (+5%)
Year 5
$102,103 per year | $8,508 per month (+5%)
Year 6
$107,208 per year | $8,934 per month (+5%)
Year 7
$112,568 per year | $9,381 per month (+5%)
Year 8
$118,196 per year | $9,850 per month (+5%)
Year 9
$124,106 per year | $10,342 per month (+5%)
Year 10
$130,311 per year | $10,859 per month (+5%)
Total Rent Over 10 Years:
$1,056,543
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,456 SF
Building Class
C
Year Built
1898
Price
$1,500,000
Price Per SF
$434.03
Cap Rate
5.60%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.32
Lot Size
0.06 AC
Zoning
R-MF - General retail commercial.
Frontage
11’ on Park Ave
Amenities
- Bus Line
- Signage
Walk Score®
Walker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00243-0000-00017 | Improvements Assessment | $481,100 |
| Land Assessment | $325,000 | Total Assessment | $806,100 |
Property Taxes
Parcel Number
10-00243-0000-00017
Land Assessment
$325,000
Improvements Assessment
$481,100
Total Assessment
$806,100
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3,456 SF Restaurant | Year 1 of 10-Year Lease | 4105 Park Ave
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