4105 Park Ave - Restaurant FOR SALE


Union City, NJ 07087
$1,500,000 USD
201-917-5884
4105 Park Ave, Union City, NJ for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/15
null | 5.6% Cap Rate

4105 Park Ave
Union City, NJ 07087


HIGHLIGHTS

  • 10-year lease, currently in Year 1 (Blended Cap Rate of 7.04%)
  • Singular, adaptable unit | Zoned for commercial retail use
  • Renovated in 2018
  • 3,456 SF versatile retail space
  • High visibility and foot traffic potential
  • Basement with Freezer Boxes and private office

OVERVIEW

Investor Highlight: A long-term tenant is already secured with a newly executed 10-year lease, currently in Year 1, providing immediate, stable income and long-term investment security. This turnkey, income-producing property presents an excellent opportunity for investors seeking a reliable asset in a high-demand market. Triple Net Tenant in Place. Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey’s most active urban corridors. 10-Year Rent Schedule (5% Annual Increases) Year 1 $84,000 per year | $7,000 per month Year 2 $88,200 per year | $7,350 per month (+5%) Year 3 $92,610 per year | $7,718 per month (+5%) Year 4 $97,241 per year | $8,103 per month (+5%) Year 5 $102,103 per year | $8,508 per month (+5%) Year 6 $107,208 per year | $8,934 per month (+5%) Year 7 $112,568 per year | $9,381 per month (+5%) Year 8 $118,196 per year | $9,850 per month (+5%) Year 9 $124,106 per year | $10,342 per month (+5%) Year 10 $130,311 per year | $10,859 per month (+5%) Total Rent Over 10 Years: $1,056,543

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3,456 SF Restaurant | Investment Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,300 SF

ZONING

R-MF

APN/PARCEL ID

10-00243-0000-00017

ASK ABOUT THIS PROPERTY

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201-917-5884

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Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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