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Downtown Millburn Mixed-Use 321 Millburn Ave 14,576 SF 100% Leased Retail Building Millburn, NJ 07041 $6,173,605 CAD ($423.55 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
14,576 SF
Building Class
B
Year Built/Renovated
1940/2014
Price
$6,173,605 CAD
Price Per SF
$423.55 CAD
Cap Rate
6.53%
NOI
$403,378 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.96
Lot Size
0.35 AC
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 11 | 360 SF | Office | - | Now |
11
| Size |
| 360 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
11
| Size | 360 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-00702-0000-00013 | Improvements Assessment | $2,462,141 CAD |
| Land Assessment | $864,850 CAD | Total Assessment | $3,326,991 CAD |
Property Taxes
Parcel Number
12-00702-0000-00013
Land Assessment
$864,850 CAD
Improvements Assessment
$2,462,141 CAD
Total Assessment
$3,326,991 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Downtown Millburn Mixed-Use | 321 Millburn Ave
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