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144 Main St
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144 Main St
5,226 SF Retail Building Fort Lee, NJ 07024 £3,776,880 (£723/SF) 4% Net Initial Yield
![144 Main St, Fort Lee, NJ for sale - Primary Photo - Image 1 of 7](https://images.loopnet.co.uk/i2/aGZOFj43hummdjciorE8YvuXZ8AnfD5kP4DknF9efyY/110/144-Main-St-Fort-Lee-NJ-Primary-Photo-1-Large.jpg)
![144 Main St, Fort Lee, NJ for sale - Plat Map - Image 2 of 7](https://images.loopnet.co.uk/i2/yhMANirNXKuxG_bSchla4itpyQvU85d9WN6r-mqumPo/110/144-Main-St-Fort-Lee-NJ-Plat-Map-2-Large.jpg)
![144 Main St, Fort Lee, NJ for sale - Building Photo - Image 3 of 7](https://images.loopnet.co.uk/i2/I7jQU1cA9XEXcbgTQUagLuf1URm-Ak6k8eCNidZ8lOM/110/144-Main-St-Fort-Lee-NJ-Building-Photo-3-Large.jpg)
Investment Highlights
- Busy commercial district
- Open plan with exposed brick walls
- Investment opportunity with current restaurant, or ready-made for new restaurant
Executive Summary
The building is currently leased to JJ DAK, a chic and sophisticated Korean BBQ restaurant in the heart of Fort Lee, NJ. The lease includes a 5% annual increase in rent, which is currently $16,000/month. The lease extends for another approximately 12 years.
The sale of the restaurant business, including a liquor license, can be negotiated separately.
The sale of the restaurant business, including a liquor license, can be negotiated separately.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,226 SF
Building Class
C
Year Built
1984
Price
£3,776,880
Price Per SF
£723
Net Initial Yield
4%
NOI
£151,075
Tenancy
Single
Number of Floors
2
Building FAR
1.00
Lot Size
0.12 AC
Zoning
C1
Parking
4 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (72)
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PROPERTY TAXES
Parcel Number | 19-04351-0000-00001 | Improvements Assessment | £469,120 |
Land Assessment | £481,552 | Total Assessment | £950,672 |
PROPERTY TAXES
Parcel Number
19-04351-0000-00001
Land Assessment
£481,552
Improvements Assessment
£469,120
Total Assessment
£950,672
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144 Main St
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