75 US Highway 22 | Springfield, NJ 07081
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- LoopNet Team
75 US Highway 22
Springfield, NJ 07081
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional Highway Frontage & Visibility
- Long Term Lease CORPORATE GUARANTEE
- 1031 Exchange potential
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
38,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
2.00 AC
Zoning
Highway Commercial - 24 Hour Fitness has a rent increase in 2 year - Asking $15,346,153.80. 6.5 % CAP
12 years remaining on Lease with OPTIONS.
Parking
122 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
350’ on 22
PROPERTY TAXES
| Parcel Number | 17-03801-0000-00006 | Improvements Assessment | $1,900,000 |
| Land Assessment | $2,660,000 | Total Assessment | $4,560,000 |
PROPERTY TAXES
Parcel Number
17-03801-0000-00006
Land Assessment
$2,660,000
Improvements Assessment
$1,900,000
Total Assessment
$4,560,000
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