832 Mountainview Blvd - Freestanding FOR SALE


Wayne, NJ 07470
$1,440,000 USD
973-632-1386
832 Mountainview Blvd, Wayne, NJ for Sale
$1,440,000 USD
Freestanding - FOR SALE
1/9
null | 6.5% Cap Rate

832 Mountainview Blvd
Wayne, NJ 07470


HIGHLIGHTS

  • Brand New 10 Year Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Willowbrook Mall | Wayne Towne Center | Dense Retail Corridor

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Sherwin-Williams investment property located in Wayne, New Jersey. The tenant, Sherwin-Williams, recently signed a brand new 10 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,576 SF

ZONING

B

APN/PARCEL ID

14-00708-0000-00002

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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