4251 Us Highway 9 - Drug Store FOR SALE


Howell, NJ 07731
$15,420,000 USD
201-560-1800
4251 Us Highway 9, Howell, NJ for Sale
$15,420,000 USD
Drug Store - FOR SALE
1/5
null | 5% Cap Rate

4251 Us Highway 9
Howell, NJ 07731


HIGHLIGHTS

  • NNN LEASES
  • ASK US ABOUT THE ASSUMABLE FINANCING!
  • SCHEDULED RENT INCREASES
  • RENT COMMENCEMENT 2016
  • TWENTY PLUS YEAR BASE TERMS
  • LOCATED ON THE ROUTE 9 RETAIL CORRIDOR

OVERVIEW

The Property is located at 4251-4255 Route 9 in Howell, NJ approximately 30 miles South of NYC, and less than 9 miles away from the New Jersey Shore Points. The retail center is located at a signalized intersection along Route 9 and is less than 1 mile away from direct access to Interstate 195.The property is situated in the heart of the retail corridor of the area. Conveniently located at a signalized intersection that allows for access from both sides of the Highway as well. The subject property is supported by robust demographics. The estimated population within a 3-mile radius of the subject property is 72,192 and 163,682 within a 5-mile radius. Additionally, within a 3 mile radius of the subject property, there are 19,741 households with an average household income of $108,143. Some of the surrounding retailers in the immediate area include TD Bank, Santander Bank, Lidl Supermarket, Five Guys, Pep Boys, Chase Bank, Walgreens, Dunkin’, Harbor Freight, Wendy’s, Popeye’s, USPS and many more!

FOR SALE DETAILS

PRICE

$15,420,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Bank, Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

SF80

APN/PARCEL ID

21-00054-01-00064

ASK ABOUT THIS PROPERTY

Jordan LiebowitzLandmark Real Estate CompanyMore Info
201-560-1800

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Jordan LiebowitzLandmark Real Estate CompanyMore Info
201-560-1800

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