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Fayette Roxbury Strip Center 15 State Route 10 E 17,124 SF 100% Leased Retail Building Succasunna, NJ 07876 $6,752,065 CAD ($394.30 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 4.4+ Years Walt | Options To Extend | Rental Increases
- Dense Retail Corridor | Strong Tenant Synergy
- Strong Frontage On State Highway 10 (31,900 VPD) | Proximity To I-80 (114,000 VPD) | Regional Connectivity
- NNN Lease Structures | Minimal Landlord Responsibilities
- Proximity To Community Anchors
- Strong Demographics In 5-Mile Trade Area | New York-Newark-Jersey City MSA
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to present the fee simple interest in a 100% leased, multi-tenant retail center located in Succasunna, New Jersey, within the New York–Newark–Jersey City MSA. The asset features 4.4+ years of weighted average lease term with all tenants holding renewal options, several with scheduled rental increases. All leases are NNN with tenants reimbursing for taxes, insurance, and CAM; landlord responsibilities are minimal and fully reimbursed, making this an ideal low-maintenance investment for passive or out-of-state buyers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
17,124 SF
Building Class
C
Year Built
1969
Price
$6,752,065 CAD
Price Per SF
$394.30 CAD
Cap Rate
7%
NOI
$472,650 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.40 AC
Zoning
B-2
Parking
71 Spaces (4.15 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 36-01905-0000-00020 | Improvements Assessment | $3,766,611 CAD |
| Land Assessment | $681,209 CAD | Total Assessment | $4,447,820 CAD |
PROPERTY TAXES
Parcel Number
36-01905-0000-00020
Land Assessment
$681,209 CAD
Improvements Assessment
$3,766,611 CAD
Total Assessment
$4,447,820 CAD
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Fayette Roxbury Strip Center | 15 State Route 10 E
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