POPEYES AND INFINIHEALTH MEDICAL GROUP 341-345 Essex St 4,000 SF 100% Leased Retail Building Hackensack, NJ 07601 $4,727,794 CAD ($1,181.95 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Healthy Sales: Popeyes produced a 7% rent-to-sales ratio in 2023 with sales estimated to increase this year.
- NNN Property: Tenants pay their share of CAM, Taxes, and Insurance.
- Strategically Located: Located on a hard signalized corner.
EXECUTIVE SUMMARY
Broker of Record
Patrick Forde
License No. 2330333 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
52 Park Avenue,
Suite B5, Park Ridge NJ 07656
Patrick Forde
License No. 2330333 (NJ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
52 Park Avenue,
Suite B5, Park Ridge NJ 07656
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
1986
Price
$4,727,794 CAD
Price Per SF
$1,181.95 CAD
Cap Rate
6%
NOI
$283,682 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
B-1
Parking
6.5 Spaces per 1,000 SF Leased
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-00128-0000-00037 | Improvements Assessment | $178,738 CAD |
| Land Assessment | $1,394,153 CAD | Total Assessment | $1,572,890 CAD |
