15 State Route 10 E - Retail FOR SALE


Succasunna, NJ 07876
$4,837,000 USD
973-632-1386
15 State Route 10 E, Succasunna, NJ for Sale
$4,837,000 USD
Retail - FOR SALE
1/9
null | 7% Cap Rate

15 State Route 10 E
Succasunna, NJ 07876


HIGHLIGHTS

  • 4.4+ Years Walt | Options To Extend | Rental Increases
  • NNN Lease Structures | Minimal Landlord Responsibilities
  • Dense Retail Corridor | Strong Tenant Synergy
  • Proximity To Community Anchors
  • Strong Frontage On State Highway 10 (31,900 VPD) | Proximity To I-80 (114,000 VPD) | Regional Connectivity
  • Strong Demographics In 5-Mile Trade Area | New York-Newark-Jersey City MSA

OVERVIEW

SRS Multi-Tenant Investments is pleased to present the fee simple interest in a 100% leased, multi-tenant retail center located in Succasunna, New Jersey, within the New York–Newark–Jersey City MSA. The asset features 4.4+ years of weighted average lease term with all tenants holding renewal options, several with scheduled rental increases. All leases are NNN with tenants reimbursing for taxes, insurance, and CAM; landlord responsibilities are minimal and fully reimbursed, making this an ideal low-maintenance investment for passive or out-of-state buyers.

FOR SALE DETAILS

PRICE

$4,837,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fayette Roxbury Strip Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B-2

APN/PARCEL ID

36-01905-0000-00020

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.