23 Wallace Street is the ground floor commercial condominium of "The Metropolitan," a 37-unit Class A-residential building located in downtown Red Bank, New Jersey, just steps off Broad Street
The property is partially occupied by World Kinect Corporation (NYSE: WKC), a global energy management corporation with an investment grade credit rating by S&P of BBB-
WKC has $50B of annual revenues
WKC has 9 years remaining on their lease with 3% increases every other year
Vacant 2,500 SF office unit ideal for an owner/operator who wants to be within downtown Red Bank
35 covered parking spaces that lead directly into the units, which is nearly impossible to find in downtown Red Bank
Tremendous location just minutes from the Garden State Parkway, Route 35, Red Bank train station, and the Jersey Shore
Incredible demographics with over 145K people within 5 miles and a 1-mile average household income over $144K