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Burlington 191 E Hanover Ave 25,000 SF 100% Leased Retail Building Morristown, NJ 07960 $9,729,930 CAD ($389.20 CAD/SF) 6.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly constructed – 2023
- Burlington operates 1,100+ stores in 46 states
- 15-year roof warranty in place
EXECUTIVE SUMMARY
Located within the newly developed 110,513 SF "Morris Marketplace" shopping center, adjacent to Lidl grocery store. Newly constructed – 2023 with a 15-year roof warranty in place.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
25,000 SF
Building Class
B
Year Built
2023
Price
$9,729,930 CAD
Price Per SF
$389.20 CAD
Cap Rate
6.43%
NOI
$625,495 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.88 AC
Zoning
RDP - Redevelopment Plan District or a Residential Development Plan, mix of residential and commercial use
AMENITIES
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-10401-0000-00003-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $502,066 CAD | Total Assessment | $502,066 CAD |
PROPERTY TAXES
Parcel Number
22-10401-0000-00003-01
Land Assessment
$502,066 CAD
Improvements Assessment
$0 CAD
Total Assessment
$502,066 CAD
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Burlington | 191 E Hanover Ave
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