Two-Tenant Retail | 299 Millburn Ave
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Two-Tenant Retail 299 Millburn Ave
3,600 SF Retail Building Millburn, NJ 07041 $2,117,700 CAD ($588 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Tenants Have Leases in Place With Annual Increases and Renewal Options
- 2 Blocks From the NJ Transit Millburn Train Station and Municipal Parking Garage
- Highly Trafficked Millburn Avenue – Over 18,000 Cars per Day
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,600 SF
Building Class
C
Year Built
1955
Price
$2,117,700 CAD
Price Per SF
$588 CAD
Cap Rate
6.50%
NOI
$137,651 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.10 AC
Zoning
N/Av, Milburn Twp
Frontage
43 ft on Millburn
Amenities
- Freeway Visibility
- Signage
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-00703-0000-00006 | Improvements Assessment | $771,387 CAD |
| Land Assessment | $290,156 CAD | Total Assessment | $1,061,543 CAD |
PROPERTY TAXES
Parcel Number
12-00703-0000-00006
Land Assessment
$290,156 CAD
Improvements Assessment
$771,387 CAD
Total Assessment
$1,061,543 CAD
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Two-Tenant Retail | 299 Millburn Ave
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