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Downtown Millburn Mixed-Use 321 Millburn Ave 14,626 SF 100% Leased Retail Building Millburn, NJ 07041 $6,075,170 CAD ($415.37 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
$6,075,170 CAD
Price Per SF
$415.37 CAD
Cap Rate
6.53%
NOI
$396,946 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 | $2,442,049 CAD |
| Land Assessment | $857,792 CAD | Total Assessment | $3,299,842 CAD |
Property Taxes
Parcel Number
12-00702-0000-00013
Land Assessment
$857,792 CAD
Improvements Assessment
$2,442,049 CAD
Total Assessment
$3,299,842 CAD
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Downtown Millburn Mixed-Use | 321 Millburn Ave
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