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Miscellaneous

Farm Stores

9 Nelson St, Newton, NJ 07860

Listing Price: $1,248,174

Cap Rate
5.75%
Tenant Name
Jersey State Development Group, LLC
Years Remaining On Lease
19.7
Guarantor
Personal Guarantee
Rentable SF
792
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$90.62

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores located at 9 Nelson Street in Newton, NJ. Scheduled to open in late September 2021, the site will consist of roughly 792 rentable square feet of building space on estimated 0.31-acre parcel of land. The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which will commence upon store opening. The initial annual rent will be $71,770 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Under Renovation; Estimated Opening Late September 2021!
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Store Opening

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Listing Price: $1,248,174

Cap Rate
5.75%
Tenant Name
Jersey State Development Group, LLC
Years Remaining On Lease
19.7
Guarantor
Personal Guarantee
Rentable SF
792
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$90.62

Investment Highlights

  • Under Renovation; Estimated Opening Late September 2021!
  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Lease Commencement Upon Store Opening

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Farm Stores located at 9 Nelson Street in Newton, NJ. Scheduled to open in late September 2021, the site will consist of roughly 792 rentable square feet of building space on estimated 0.31-acre parcel of land. The Farm Stores property is subject to a brand new 20-year triple-net (NNN) lease, which will commence upon store opening. The initial annual rent will be $71,770 and will increase by three percent (3%) annually, throughout the term of the lease and in each option period. There are two (2), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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