Property Details
Price :
Square Feet :
Cap Rate :
$4,550,000
14,626
6.71%
NOI :
Acres :
$305,498
0.35
Property Type :
Property Status :
Mixed-Use
Available
Investment Highlights
LEASE(S)
- All retail leases (5) are NNN while all second floor office suites (11) are gross
- Retail tenants are responsible for their proportionate share of taxes, insurance, and CAM
- Several retail leases are below market rent
- All retail leases have annual rent increases and renewal options
LOCATION/ MARKET
- Ideally located in the center of Downtown Millburn with many local restaurants and shops nearby
- 2 blocks from the Millburn train station and municipal parking garage
- 20K+ vehicles/day on Millburn Avenue
- Located directly across from well-known landmark Millburn Deli
- Superb northern New Jersey demographics with 1-mile average household income exceeding $213K and a 5-mile population over 445,000 people
Street View
Listing Contacts
