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Downtown Millburn Mixed-Use 321 Millburn Ave 14,626 SF 100% Leased Retail Building Millburn, NJ 07041 $6,166,583 CAD ($421.62 CAD/SF) 6.53% Cap Rate
INVESTMENT HIGHLIGHTS
- All retail leases (5) are NNN while all second floor office suites (11) are gross
- All retail leases have annual rent increases and renewal options
- Several retail leases are below market rent
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,626 SF
Building Class
C
Year Built/Renovated
1940/2014
Price
$6,166,583 CAD
Price Per SF
$421.62 CAD
Cap Rate
6.53%
NOI
$402,919 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.96
Lot Size
0.35 AC
Frontage
97’ on Millburn Ave
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-00702-0000-00013 | Improvements Assessment | $2,448,854 CAD |
| Land Assessment | $860,183 CAD | Total Assessment | $3,309,037 CAD |
PROPERTY TAXES
Parcel Number
12-00702-0000-00013
Land Assessment
$860,183 CAD
Improvements Assessment
$2,448,854 CAD
Total Assessment
$3,309,037 CAD
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Downtown Millburn Mixed-Use | 321 Millburn Ave
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