$3,991,304 USD
248-702-0288
140-142 Ferry St
Newark, NJ 07105
North Ironbound
HIGHLIGHTS
- Absolute Net Lease | 13-Years Remaining | Passive Investment with Zero Management Required
- 5% Rental Increases Every 5 Years During the Base Term and Option Periods
- Located at the Corner of Ferry Street and Monroe Street, a Signalized Intersection with Approximately 14,000 VPD+
- Fee-Simple Ownership Allowing Investors to Depreciate Land and Building
- Over 295,000 Residents and Average Household Incomes of $71,843+ within a 3-Mile Radius
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
FOR SALE DETAILS
PRICE
$3,991,304 USD
PRICE/SF
$492 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,484 SF
ZONING
R-4
APN/PARCEL ID
14-01989-0000-00024
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248-702-0288
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248-702-0288
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