365 Route 10 - Freestanding FOR SALE
East Hanover, NJ 07936 |
365 Route 10
East Hanover, NJ 07936
HIGHLIGHTS
- Extremely affluent demographic profile within the immediate area
- Prime retail corridor within Morris County with frontage on Rte 10
- Strong retail market with average rents near $30/SF
- 100% occupancy and anchored by national retailers – Pier 1 and Mattress Firm
- Upside potential on current rents upon rollover
- Solar panels installed 13 years ago - estimated SREC income over the next 2 years projected at $28,245 (est energy savings projected at $18,400/yr)
OVERVIEW
Building 1 is currently occupied by Capitol Lighting and Mattress Firm. Capitol Lighting is currently occupying 23,750 square feet of the retail area and 15,340 square feet of storage space. Mattress firm is renting 6,910 square feet of retail space. Building 2 is occupied by Pier 1 Imports who is leasing 7,798 feet of retail space and is also using 4,751 feet of warehouse/storage space.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
63596
STORIES
2
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
10-00102-0000-00001
