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65 River Rd 13,361 SF Retail Building Edgewater, NJ 07020 $12,727,097 CAD ($952.56 CAD/SF) 6.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Along Hudson River Across from New York City in a Dense and Affluent Area with Over 50,000 People Living Within a Mile Radius of the Property Making a
- Rent Escalates 25% at the Start of the First Option, Rent Escalates 15% at the Start of Each Option Thereafter
- Shadow Anchored by HomeGoods
- 9 Years Remaining in the Base Term with Four 5-Year Options Thereafter
- Immediately Surrounded by The View West, The View South, The View @ Edgewater, The Pearl & The Oyster Combining for 280 Residential Units and Ground F
- Steps From 115 River Rd, A Massive Current Development of 4 Buildings Ranging From 595 to 714 Feet Tall, Housing 1,919 Residential Units
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,361 SF
Building Class
B
Year Built
2010
Price
$12,727,097 CAD
Price Per SF
$952.56 CAD
Cap Rate
6.58%
NOI
$836,945 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.04 AC
Zoning
OR-1 - Recent zoning updates, past zoning decisions and Edgewater's Master Plan indicate a likelihood of securing a variance for alternative uses.
Parking
56 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
86’ on River Rd
AMENITIES
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00099-0000-00001-08 | Improvements Assessment | $4,261,462 CAD |
| Land Assessment | $3,595,415 CAD | Total Assessment | $7,856,877 CAD |
PROPERTY TAXES
Parcel Number
13-00099-0000-00001-08
Land Assessment
$3,595,415 CAD
Improvements Assessment
$4,261,462 CAD
Total Assessment
$7,856,877 CAD
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65 River Rd
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