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4251 Us Highway 9 23,534 SF 100% Leased Retail Building Howell, NJ 07731 $14,686,000 ($624.03/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN LEASES
- SCHEDULED RENT INCREASES
- TWENTY PLUS YEAR BASE TERMS
- ASK US ABOUT THE ASSUMABLE FINANCING!
- RENT COMMENCEMENT 2016
- LOCATED ON THE ROUTE 9 RETAIL CORRIDOR
EXECUTIVE SUMMARY
The Property is located at 4251-4255 Route 9 in Howell, NJ approximately 30 miles South of NYC, and less than 9 miles away from the New Jersey Shore Points. The retail center is located at a signalized intersection along Route 9 and is less than 1 mile away from direct access to Interstate 195.The property is situated in the heart of the retail corridor of the area. Conveniently located at a signalized intersection that allows for access from both sides of the Highway as well.
The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 72,192 and 163,682 within a 5-mile radius. Additionally, within a 3 mile radius of the subject property, there are 19,741 households with an average household income of $108,143.
Some of the surrounding retailers in the immediate area include TD Bank, Santander Bank, Lidl Supermarket, Five Guys, Pep Boys, Chase Bank, Walgreens, Dunkin’, Harbor Freight, Wendy’s, Popeye’s, USPS and many more!
The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 72,192 and 163,682 within a 5-mile radius. Additionally, within a 3 mile radius of the subject property, there are 19,741 households with an average household income of $108,143.
Some of the surrounding retailers in the immediate area include TD Bank, Santander Bank, Lidl Supermarket, Five Guys, Pep Boys, Chase Bank, Walgreens, Dunkin’, Harbor Freight, Wendy’s, Popeye’s, USPS and many more!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
23,534 SF
Building Class
B
Year Built
2016
Price
$14,686,000
Price Per SF
$624.03
Cap Rate
5.25%
NOI
$771,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
7.00 AC
Zoning
SF80
Frontage
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-00054-01-00064 | Improvements Assessment | $4,014,600 |
| Land Assessment | $960,000 | Total Assessment | $4,974,600 |
PROPERTY TAXES
Parcel Number
21-00054-01-00064
Land Assessment
$960,000
Improvements Assessment
$4,014,600
Total Assessment
$4,974,600
(201) 560-1800
x311
CONTACTS
-
Jordan Liebowitz -
Brian Wasilenko -
Kyle Star -
Landmark Real Estate Company
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4251 Us Highway 9
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