Shopping Neighborhood
Two-Tenant Retail Strip - 100% Occupancy
345 Union Blvd, Totowa, NJ 07512
Listing Price: $2,270,000
Cap Rate
7.00%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$458.59
Lot Size
0.23 acres
Year Built
1970
Investment Overview
Marcus & Millichap is pleased to exclusively present 345 Union Blvd, Totowa, Passaic County, New Jersey.
Two-Tenant Retail Strip - 100% Occupancy
Investment Highlights
- Long Term Tenancy – Brooklyn Bagel has been in Operation over 35 Years and Elite Spine for over Ten Years
- Well Maintained Asset with Recent Capex Including Refinished Roof and Parking Lot
- Brooklyn Bagel has 9% Rent Increases every Three Years and Elite Sport & Spine has 3% Annual Rent Increases
Exclusively Listed By
Listing Price: $2,270,000
Cap Rate
7.00%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$458.59
Lot Size
0.23 acres
Year Built
1970
Investment Highlights
- Long Term Tenancy – Brooklyn Bagel has been in Operation over 35 Years and Elite Spine for over Ten Years
- Well Maintained Asset with Recent Capex Including Refinished Roof and Parking Lot
- Brooklyn Bagel has 9% Rent Increases every Three Years and Elite Sport & Spine has 3% Annual Rent Increases
Investment Overview
Marcus & Millichap is pleased to exclusively present 345 Union Blvd, Totowa, Passaic County, New Jersey.
Exclusively Listed By
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