33 State Route 27 2,900 SF Retail Building Edison, NJ 08820 $4,844,455 CAD ($1,670.50 CAD/SF) 5.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on a corner at a traffic-controlled intersection
- Located in close proximity of Menlo Park Mall, Hackensack Meridian Hospital, and many national retailers
- Drive-Thru available with major upside
EXECUTIVE SUMMARY
Rare investment opportunity to purchase a property with significant upside in a prime retail market. The property is located at a traffic controlled intersection near many national retailers such as McDonald's, Starbucks, Dunkin, Rite Aid, and Hackensack Meridian Health. Vacant 1,228 SF space which includes a drive-thru.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
B
Year Built
1997
Price
$4,844,455 CAD
Price Per SF
$1,670.50 CAD
Cap Rate
5.14%
NOI
$249,005 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.49 AC
Zoning
GB
Parking
3 Spaces (1.03 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-00673-0000-00005-10 | Improvements Assessment | $468,271 CAD |
| Land Assessment | $582,403 CAD | Total Assessment | $1,050,673 CAD |
