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420 Cedar Ln 420 Cedar Ln 2,088 SF 100% Leased Retail Building Teaneck, NJ 07666 $555,996 CAD ($266.28 CAD/SF) 6.52% Cap Rate



INVESTMENT HIGHLIGHTS
- Scheduled Rent Increases
- Farleigh Dickinson University
- Impressive Demographics
- Strategic Location
- Holy Name Medical Center
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a retail building located at 418-420 Cedar Lane in Teaneck, New Jersey (the “Property”). The Property is improved by a single-story building and is 100% leased to Different Breed Fitness Studio and Aquarius Health Foods. The building contains approximately 2,088 square feet and is situated on a 0.04-acre parcel of land. The Property benefits from a prominent location along Cedar Lane, a key commercial thoroughfare, with additional exposure and ingress from Water Street. Centrally situated within Teaneck, the site offers convenient connectivity to Teaneck Road and Queen Anne Road, both of which serve as major commuter routes. The surrounding area features a strong mix of national and local retailers and dining options, and the Property is located near Fairleigh Dickinson University, helping to generate consistent traffic throughout the day. Positioned at 420 Cedar Avenue, the site is embedded within a densely populated residential neighborhood, creating a strong built-in customer base. The Property is also well served by public transportation, with access to the municipal bus line, and is located approximately one mile from NJ Route 4, 1.3 miles from the Anderson Street Train Station, and two miles from the convergence of Interstates 80 and 95. Teaneck is located in Bergen County; the affluent and densely populated area is 6-miles northwest of New York City which is easily accessible via Interstate 95 and public transportation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,088 SF
Year Built
1930
Price
$555,996 CAD
Price Per SF
$266.28 CAD
Cap Rate
6.52%
NOI
$36,259 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.20
Lot Size
0.04 AC
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60-00706-0000-00002 | Improvements Assessment | $1,378,314 CAD |
| Land Assessment | $592,692 CAD | Total Assessment | $1,971,006 CAD |
PROPERTY TAXES
Parcel Number
60-00706-0000-00002
Land Assessment
$592,692 CAD
Improvements Assessment
$1,378,314 CAD
Total Assessment
$1,971,006 CAD
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