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
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