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1919 Nj-35, Wall Township, ...

Starbucks Signs Lease For 2000 Square Feet At 1919 NJ-35 Wall Township New Jersey
LEASED

Starbucks Signs Lease For 2000 Square Feet At 1919 NJ-35 Wall Township New Jersey

1919 Nj-35, Wall Township, NJ, 07719

Building Size

2,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1919 Nj-35, Wall Township, NJ, 07719. It has a total square footage of 2000 and is situated within the Belmar market. The landlord for this lease is RT 35 Wall Promenade LLC, with Starbucks identified as the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1919 Nj-35, Wall Township, NJ, 07719
  • Market: Belmar
  • Landlord: RT 35 Wall Promenade LLC
  • Tenant: Starbucks
  • Landlord's Rep: Marta Villa (CBRE)
  • Square Feet: 2000

The key individuals involved in this transaction include Marta Villa, representing the landlord via CBRE. The transaction showcases the engagement of Starbucks as the tenant, which adds a prominent retail presence to the property.

Players

Marta Villa

CBRE

Broker

$10.1M

vol

16 deals

Broker
RL
RT 35 Wall Promenade LLCLandlord

Belmar CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93