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Harbor Freight Center 745 US Highway 46 32,432 SF 100% Leased Retail Building Parsippany, NJ 07054 $9,440,000 ($291.07/SF) 6.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Anchored by Harbor Freight Which Occupies 55% of The GLA
- All In-Line Tenants Operating Under NNN Leases
- Unique Blend of Tenants Mitigating Landlord Risk
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
32,432 SF
Building Class
C
Year Built/Renovated
1962/2014
Price
$9,440,000
Price Per SF
$291.07
Cap Rate
6.75%
NOI
$637,202
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.18
Lot Size
4.10 AC
Zoning
B-1
Parking
124 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
217’ on E 46
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lazeez Bistro
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Royal Green Appliance, Inc
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Wizard Smoke Shop
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lazeez Bistro | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Royal Green Appliance, Inc | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Wizard Smoke Shop | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 2,036 SF
- Retail
- In-Line
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,036 SF | Retail | In-Line | 30 Days |
1st Floor
| Size |
| 2,036 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 36-04002-0000-00022 | Improvements Assessment | $285,400 |
| Land Assessment | $338,000 | Total Assessment | $623,400 |
PROPERTY TAXES
Parcel Number
36-04002-0000-00022
Land Assessment
$338,000
Improvements Assessment
$285,400
Total Assessment
$623,400
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Harbor Freight Center | 745 US Highway 46
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