16 Green Pond Rd
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16 Green Pond Rd
2,682 SF Retail Building Rockaway, NJ 07866 $4,562,819 CAD ($1,701 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Large 1.84 Acre Parcel With Over 200 Feet of Frontage on four-lane Green Pond Road
- Former bank branch with double drive/thru
- Average Household Income Over $153,000 Within a 3 Mile Radius
- 18,500 cars/day on Green Pond Road
- Conveniently Located ¼ Mile From Interstate 80 (120,000+ Cars Per Day)
Executive Summary
Rare Single Tenant Net Leased Property in Morris County New Jersey. New 20-yer net lease signed by Backpack Boyz. Backpack Boyz has multiple locations with a large growing facility in Hackensack, NJ.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,682 SF
Building Class
B
Year Built
2010
Price
$4,562,819 CAD
Price Per SF
$1,701 CAD
Cap Rate
7.50%
NOI
$342,211 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.84 AC
Zoning
I - Commercial
Frontage
256 ft on Green Pond Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-22103-0000-00009 | Improvements Assessment | $1,048,643 CAD |
| Land Assessment | $546,951 CAD | Total Assessment | $1,595,594 CAD |
PROPERTY TAXES
Parcel Number
35-22103-0000-00009
Land Assessment
$546,951 CAD
Improvements Assessment
$1,048,643 CAD
Total Assessment
$1,595,594 CAD
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16 Green Pond Rd
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