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4 Royal Rd 9,832 SF Retail Building Flemington, NJ 08822 $4,534,400 CAD ($461.19 CAD/SF) 5.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Single tenant triple net lease until 2035, with three 5-year options
- The rent is $14,911/month, $178,942/year, zero landlord expenses
- Zero landlord expenses
- Investment property that offers stability and long term income predictability.
- Modern building, all maintenance handled by tenant
EXECUTIVE SUMMARY
This is an established one-tenant child care center with a N-N-N lease that extend through July 31, 2035 with three 5-year options to extend. No expenses to owner. This property offers stability and income predictability.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,832 SF
Building Class
B
Year Built
2003
Price
$4,534,400 CAD
Price Per SF
$461.19 CAD
Cap Rate
5.51%
NOI
$249,660 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.86 AC
Zoning
I-2 - I-2 Industrial Zone, including Child-care centers Business/professional offices, Research facilities, Industrial park, Flex space, Manufacturing, etc.
Frontage
125’ on Royal Road
AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-00036-03-00001 | Improvements Assessment | $1,830,502 CAD |
| Land Assessment | $959,898 CAD | Total Assessment | $2,790,400 CAD |
PROPERTY TAXES
Parcel Number
21-00036-03-00001
Land Assessment
$959,898 CAD
Improvements Assessment
$1,830,502 CAD
Total Assessment
$2,790,400 CAD
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4 Royal Rd
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