16 Green Pond Rd
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16 Green Pond Rd
2,682 SF Retail Building Rockaway, NJ 07866 £2,543,464 (£948/SF) 7.50% Net Initial Yield
Investment Highlights
- Large 1.84 Acre Parcel With Over 200 Feet of Frontage on four-lane Green Pond Road
- Former bank branch with double drive/thru
- Average Household Income Over $153,000 Within a 3 Mile Radius
- 18,500 cars/day on Green Pond Road
- Conveniently Located ¼ Mile From Interstate 80 (120,000+ Cars Per Day)
Executive Summary
Rare Single Tenant Net Leased Property in Morris County New Jersey. New 20-yer net lease signed by Backpack Boyz. Backpack Boyz has multiple locations with a large growing facility in Hackensack, NJ.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,682 SF
Building Class
B
Year Built
2010
Price
£2,543,464
Price Per SF
£948
Net Initial Yield
7.50%
NOI
£190,760
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
1.84 AC
Zoning
I - Commercial
Frontage
256 ft on Green Pond Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-22103-0000-00009 | Improvements Assessment | £593,046 |
| Land Assessment | £309,321 | Total Assessment | £902,366 |
PROPERTY TAXES
Parcel Number
35-22103-0000-00009
Land Assessment
£309,321
Improvements Assessment
£593,046
Total Assessment
£902,366
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16 Green Pond Rd
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