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963 US Highway 9 10,200 SF 100% Leased Retail Building South Amboy, NJ 08879 $5,000,000 ($490.20/SF) 5.79% Cap Rate
Executive Summary
Great property located between Wawa and Starbucks and across from McDonalds. Very well established tenants that recently renewed leases with nearly 5 years of remaining term, with great rent increaes and renewal options. Building just 10 years old so no deferred maintenance. Very easy to maintain and tenants pay all maintenance expenses. DO NOT disturb or approach tenants and all viewings must be scheduled in advance. Only serious cash buyers please!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,200 SF
Building Class
C
Year Built
2014
Price
$5,000,000
Price Per SF
$490.20
Cap Rate
5.79%
NOI
$289,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.64 AC
Zoning
B-3 - Highway commercial zoning, verify with the township.
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
120’ on U.S. 9
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-00440-0000-00004-02 | Improvements Assessment | $427,100 |
| Land Assessment | $222,900 | Total Assessment | $650,000 |
Property Taxes
Parcel Number
19-00440-0000-00004-02
Land Assessment
$222,900
Improvements Assessment
$427,100
Total Assessment
$650,000
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963 US Highway 9