Press Release brought to you by Besen Special Assets / A Division of the Besen Group

For Sale: Two NNN National Retail Buildings: Dollar Tree & Sports Authority

10/14/2013

3434 Route 35, Hazlet, NJ 07730

 

3434 Route 35, Hazlet, NJ 07730

Property Details

Building Size

54,972 SF

Lot Size

181,405 SF

Property Type

Retail

Property Sub-type

Free Standing Bldg

Cap Rate

8%

Occupancy

100%

Tenancy

Multiple

 

Property Description

100% leasehold interest for sale (83 years left on the lease) on two free-standing retail buildings with a total of 54,972 gross SF. The property is fully leased to two national tenants on triple net (NNN) leases. Sports Authority occupied 42,972 SF and opened in December 1999 and the Dollar Tree occupies 12,000 SF and opened in January 2002. The land under the buildings is owned by Home Depot USA. Home Depot leases the ground to the owner at a rate of $1/year for a 100-year term, expiring in December 2096.

Location Description

Located on heavily trafficked Route 35, a retail artery with multiple national tenants (Kmart, Bank of America, GNC, Game Stop, Super Foodtown, Staples, IHOP etc.)

 

Contact Zachary Tuckman for more information:
zachary@besengroup.com
732.945.3766

 

10/14/2013 - 10:10

Source

Besen Special Assets / A Division of the Besen Group

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