Department Store

Ashley Furniture Homestore

Listing Price: $6,285,000

Cap Rate
6.50%
Tenant Name
Ashley Furniture Homestore
Years Remaining On Lease
5.30
Gross SF
60,000
Guarantor
Franchisee Guarantee
Rentable SF
60,000
Price/Gross SF
$104.75
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.67

Investment Overview

Marcus & Millichap is please to present a 60,000 square feet Ashley Furniture Homestore located at 175 NJ-35, Eatontown, Monmouth County, New Jersey.

Investment Highlights

  • STNL - NNN (Only Landlord Responsibility is Structure)
  • 2% Annual Increases - Hedge Against Inflation
  • Potential Redevelopment Opportunity - No Renewal Options

Exclusively Listed By

  • Alan Cafiero

    Senior Vice President Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • David McLaughlin

    Associate

    Email David

    License(s): NJ: 1755411

    New Jersey

Department Store

Ashley Furniture Homestore

Listing Price: $6,285,000

Cap Rate
6.50%
Tenant Name
Ashley Furniture Homestore
Years Remaining On Lease
5.30
Gross SF
60,000
Guarantor
Franchisee Guarantee
Rentable SF
60,000
Price/Gross SF
$104.75
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.67

Investment Highlights

  • STNL - NNN (Only Landlord Responsibility is Structure)
  • 2% Annual Increases - Hedge Against Inflation
  • Potential Redevelopment Opportunity - No Renewal Options

Investment Overview

Marcus & Millichap is please to present a 60,000 square feet Ashley Furniture Homestore located at 175 NJ-35, Eatontown, Monmouth County, New Jersey.

Exclusively Listed By

  • Alan Cafiero

    Senior Vice President Investments

    (201) 742-6118

    Email Alan

    License(s): NJ: 0791092

    New Jersey

  • Ben Sgambati

    Senior Vice President Investments

    (201) 742-6113

    Email Ben

    License(s): NJ: 8337646, NY: 30SG0878955

    New Jersey

  • David McLaughlin

    Associate

    Email David

    License(s): NJ: 1755411

    New Jersey

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