85-A Walnut St - Storefront Retail/Office FOR SALE


Montclair, NJ 07042
$2,350,000 USD
201-406-2741
85-A Walnut St, Montclair, NJ for Sale
$2,350,000 USD
Storefront Retail/Office - FOR SALE
1/45
null | 5.45% Cap Rate

85-A Walnut St
Montclair, NJ 07042


HIGHLIGHTS

  • Built as Day Care
  • Adjacent to NJTRANSIT Walnut St Train Station

OVERVIEW

Free Standing 2-Story Building just under 8,000 sq.ft. with on-site parking adjacent to the Montclair Walnut St Train Station NJ Transit’s Montclair-Boonton Line with both mid-town direct and Hoboken Trains . Leased to a single tenant "Pups at Play" a full-service dog daycare, boarding, grooming, and training owned by Destination Pet with over 160 locations. Excellent investment, Annual gross rent $146,400. NNN lease (LL pays $17500 base taxes) Year 7 of a 10 year lease expires 3/31/29 with One (5 year Option) 4 HVAC UNITS, Well maintained with new 7.5 ton HVAC.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Landmark Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C2

APN/PARCEL ID

13-03210-0000-00004

ASK ABOUT THIS PROPERTY

William GilsenanGilsenan & Co.More Info
201-406-2741

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William GilsenanGilsenan & Co.More Info
201-406-2741

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