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25-75 RT 22, 3 Building Retail Portfolio 25 US Highway 22

14,000 SF 100% Leased Retail Building Springfield, NJ 07081 £28,410,904 (£2,029/SF) 7% Net Initial Yield

Investment Highlights

  • National and Regional Tenant Mix
  • 10-year Average Term on Leases
  • Investment Grade Retail
  • $20 million assumable debt package at 3.64%

Executive Summary

3 Building Portfolio. 25-75 RT 22. Cross Easements & shared parking. Krispy Kreme Plaza 13,500sf, SkyZone 35,500sf, Kiddie Academy 10,000sf, 24 Hour Fitness 38,000 sf. TOTAL (97,000sf)

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
B
Year Built
2018
Price
£28,410,904
Price Per SF
£2,029
Net Initial Yield
7%
NOI
£1,988,763
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.04
Lot Size
8.90 AC
Parking
400 Spaces (28.57 Spaces per 1,000 SF Leased)
Frontage
2,000 ft on US Route 22.

Amenities

  • 24 Hour Access

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • 24 hour Fitness
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Kiddie Academy Of Springfield
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Krispy Kream
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

At Sky Zone, they are the originators of wall-to-wall aerial action, and they never stand still. They're always working to invent epic new ways to play, gather, and compete. The only way to understand it is to come experience it. So rally a customer's crew and let’s go! The kind of play that makes them jump and dodge and flip and sweat and laugh and bob and weave until they need to drink some water and lie down. Play where you can be you, in the moment, free. The kind of play that is good for their bodies and even better for their brains. Sky Zone is a space to move, create and be yourself. And there’s enough room for everyone, so all kids – and kids at heart – can play together. Their vision is a world where everyone plays, every day.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
24 hour Fitness Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum -
Kiddie Academy Of Springfield Health Care and Social Assistance 99,999 SF - Lorem Ipsum -
Krispy Kream Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

24 Hour Fitness
Five Guys
Starbucks
Boston Market
IHOP
Olive Garden Italian Kitchen
Goldfish Swim School
LongHorn Steakhouse
Red Lobster
Golden Krust

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-03801-0000-00008
Land Assessment
£3,643,037
Improvements Assessment
£2,804,097
Total Assessment
£6,447,134
  • Listing ID: 27895931

  • Date on Market: 06/03/2023

  • Last Updated:

  • Address: 25 US Highway 22, Springfield, NJ 07081

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