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Shopping Strip

New Construction Strip Center - 100% Occupied

1280 Teaneck Rd, Teaneck, NJ 07666

Listing Price: $3,275,000

Cap Rate
6.15%
Gross SF
6,400
Rentable SF
6,400
Price/Gross SF
$511.72
Lot Size
0.58 acres
Year Built
2021

Investment Overview

Approximately five miles to the George Washington Bridge/NYC. 1 Mile to Holy Name Medical Center (361 beds). Easy access to major highways including Route 4 and Interstate 95. Nearby national retailers include Walgreens, Popeye's, CVS, and Chase Bank. Incredible Bergen County demographics with over 614,000 people within five miles and an average annual household income exceeding $137,000 within one mile.

Investment Highlights

  • New Construction Retail Strip Center – 100% Occupancy. All NNN Leases with 2.5% Annual Rent Increases.
  • Tenant Has Invested Over $1M in Improvements Between the Three Units Showing Commitment to this Location
  • Tenants Have been Paying Rent Since November 2020 with Stores Expected to be Open by April-May

Exclusively Listed By

Shopping Strip

New Construction Strip Center - 100% Occupied

Listing Price: $3,275,000

Cap Rate
6.15%
Gross SF
6,400
Rentable SF
6,400
Price/Gross SF
$511.72
Lot Size
0.58 acres
Year Built
2021

Investment Highlights

  • New Construction Retail Strip Center – 100% Occupancy. All NNN Leases with 2.5% Annual Rent Increases.
  • Tenant Has Invested Over $1M in Improvements Between the Three Units Showing Commitment to this Location
  • Tenants Have been Paying Rent Since November 2020 with Stores Expected to be Open by April-May

Investment Overview

Approximately five miles to the George Washington Bridge/NYC. 1 Mile to Holy Name Medical Center (361 beds). Easy access to major highways including Route 4 and Interstate 95. Nearby national retailers include Walgreens, Popeye's, CVS, and Chase Bank. Incredible Bergen County demographics with over 614,000 people within five miles and an average annual household income exceeding $137,000 within one mile.

Exclusively Listed By

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