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403 US Highway 202 2,500 SF of Retail Space Available in Raritan, NJ 08869
HIGHLIGHTS
- Positioned near Somerville Circle with 50,000+ daily traffic
- Surrounded by affluent residential and retail density
- Zoned B-3 with broad auto and contractor uses
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500 SF | 3-5 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $97,714 CAD/YR $8,143 CAD/MO | Triple Net (NNN) |
1st Floor
THREE (3) BAY AUTOMOTIVE REPAIR FACILITY, 2,500 SF, THREE (3) 12' OH DOORS, OFFICE/WAITING AREA, STORAGE AREA, PARTS ROOM, HIGH VISIBILITY LOCATION NEAR SOMERVILLE CIRCLE, PYLON AND BUILDING SIGNAGE, OVER 50,000 VEHICLES PER DAY PASS THIS SITE.B-3 ZONE, PERMITTED USES: AUTO RELATED, GARAGE, PARTS STORE, GENERAL BUSINESS, RETAIL, PLUMBING/HVAC CONTRACTORS SHOP, OFFER AT $28 NNN NNN $7.50/SF
- Lease rate does not include utilities, property expenses or building services
- Three 12’ overhead doors with drive-in access
- High-traffic location near Somerville Circle
- Zoned B-3 with broad auto and retail uses
- Exclusive blacktop parking on-site
- Office, storage, and parts room included
- Prominent pylon and building signage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,500 SF | Gross Leasable Area | 2,500 SF |
| Property Type | Retail | Year Built | 1940 |
| Property Subtype | Auto Repair |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 2,500 SF |
| Year Built | 1940 |
ABOUT THE PROPERTY
THREE (3) BAY AUTOMOTIVE REPAIR FACILITY, 2,500 SF, THREE (3) 12' OH DOORS, OFFICE/WAITING AREA, STORAGE AREA, PARTS ROOM, HIGH VISIBILITY LOCATION NEAR SOMERVILLE CIRCLE, PYLON AND BUILDING SIGNAGE, OVER 50,000 VEHICLES PER DAY PASS THIS SITE.B-3 ZONE, PERMITTED USES: AUTO RELATED, GARAGE, PARTS STORE, GENERAL BUSINESS, RETAIL, PLUMBING/HVAC CONTRACTORS SHOP, OFFER AT $28 NNN $7.50/SF
NEARBY MAJOR RETAILERS
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403 US Highway 202
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