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708-720 Somerset St

5,640 SF 100% Leased Retail Building Watchung, NJ 07069 £1,838,758 (£326/SF) 5.54% Net Initial Yield

Executive Summary

Good location and investment property with Dunkin Dounts, Barber shop, Ear doctor, Tea company, Sushi restaurant tenants strip-mall.
Fully rented, Good management and built in 1985, Between Watchung and Somerset st. Close to Rt 22 and Rt 78.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,640 SF
Building Class
B
Year Built
1985
Price
£1,838,758
Price Per SF
£326
Net Initial Yield
5.54%
NOI
£101,837
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.32
Lot Size
0.40 AC
Zoning
B-A
Parking
50 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
91 ft on Somerset Street

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dunkin' Donuts
  • -
  • 1,840 SF
  • -
  • -
  • The Sipping Room
  • -
  • 1,150 SF
  • -
  • -
  • Wasu Japanese Restaurant
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dunkin' Donuts - 1,840 SF - -
The Sipping Room - 1,150 SF - -
Wasu Japanese Restaurant - - - -
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Nearby Major Retailers

Bank of America
Valley National Bank
Taylor Rental
Capital One
Citibank
Tiger Schulmann's Karate
Stop & Shop
PNC Bank
Chase Bank
Rent-A-Center

PROPERTY TAXES

Parcel Number 21-04701-0000-00006 Improvements Assessment £561,017
Land Assessment £334,889 Total Assessment £895,905

PROPERTY TAXES

Parcel Number
21-04701-0000-00006
Land Assessment
£334,889
Improvements Assessment
£561,017
Total Assessment
£895,905
(201) 406-2449

Contact

  • Listing ID: 16829419

  • Date on Market: 04/07/2016

  • Last Updated:

  • Address: 708-720 Somerset St, Watchung, NJ 07069

The Retail Property at 708-720 Somerset St, Watchung, NJ 07069 is currently available for sale. Contact Realty 7, LLC for more information.

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Connect with us

© 2024 CoStar Group

708-720 Somerset St
(201) 406-2449 x

708-720 Somerset St

Daniel Chung

(201) 406-2449

(201) 406-2449

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