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The Landmark Bldg 85-A Walnut St 7,998 SF Retail Building Montclair, NJ 07042 $2,350,000 ($293.82/SF) 5.45% Cap Rate
Investment Highlights
- Built as Day Care
- Adjacent to NJTRANSIT Walnut St Train Station
Executive Summary
Free Standing 2-Story Building just under 8,000 sq.ft. with on-site parking adjacent to the Montclair Walnut St Train Station NJ Transit’s Montclair-Boonton Line with both mid-town direct and Hoboken Trains . Leased to a single tenant "Pups at Play" a full-service dog daycare, boarding, grooming, and training owned by Destination Pet with over 160 locations. Excellent investment, Annual gross rent $146,400. NNN lease (LL pays $17500 base taxes) Year 7 of a 10 year lease expires 3/31/29 with Five (5 year Options) 4 HVAC UNITS, Well maintained with new 7.5 ton HVAC.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$128,900
|
$17.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $128,900 |
| Annual Per SF | $17.19 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,998 SF
Building Class
B
Year Built/Renovated
2005/2019
Price
$2,350,000
Price Per SF
$293.82
Cap Rate
5.45%
NOI
$128,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.32 AC
Zoning
C2 - C2-Retail & Commercial: General retail , personal services, commercial storefronts, and business/professional offices. Mixed-Use & Residential
Parking
18 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Commuter Rail
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pups N Play
- Services
- 7,998 SF
- -
- Triple Net
- Mar 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pups N Play | Services | 7,998 SF | - | Triple Net | Mar 2029 |
Moderately walkable
70/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-03210-0000-00004 | Improvements Assessment | $1,034,400 (2026) |
| Land Assessment | $432,500 (2026) | Total Assessment | $1,466,900 (2026) |
Property Taxes
Parcel Number
13-03210-0000-00004
Land Assessment
$432,500 (2026)
Improvements Assessment
$1,034,400 (2026)
Total Assessment
$1,466,900 (2026)
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The Landmark Bldg | 85-A Walnut St