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Frappe Joe's Coffee Leases 1200 SF Commercial Space In Edison, NJ

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LEASED

New Jersey

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Commercial1,200 SF
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LEASED

Frappe Joe's Coffee Leases 1200 SF Commercial Space In Edison, NJ

21 Nj-27, Edison, NJ, 08820

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Commercial1,200 SF
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Summary

NEW JERSEY
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:1,200 SF
Transaction Type:Lease

A café operator has leased 1,200 square feet of commercial space located at 21 Nj-27, Edison, NJ, 08820, within the Edison market. This recently completed lease involves the premises at the Colonial Village Shopping Center, situated at the intersection of Route 27 and Parsonage Road. Frappe Joe’s Coffee will occupy this space, which is being leased from Colonial Village Associates LLC, and will replace a Starbucks that has relocated nearby.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not disclosed
  • Address: 21 Nj-27, Edison, NJ, 08820
  • Square Feet: 1200
  • Tenant: Frappe Joe’s Coffee
  • Landlord: Colonial Village Associates LLC
  • Tenant's Representative: Suketu Shah-Colliers International
  • Landlord's Representative: Matthew Weiss-Weiss Realty Co.Inc.

Matthew Weiss, acting on behalf of Colonial Village Associates LLC, facilitated the lease agreement for the shopping center. The tenant aims to launch operations this summer, focusing on providing freshly baked goods, hummus, salads, and a selection of locally roasted coffee and drinks. Suketu Shah represented Frappe Joe’s Coffee in this transaction, which is expected to enhance the shopping center's tenant mix.

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Details

LEASED
IMAGE: 21 Nj-27, Edison, NJ, 08820 MARKET: Edison ASSET TYPE: Commercial TENANT'S REP: Suketu Shah-Colliers International LANDLORD'S REP: Matthew Weiss-Weiss Realty Co.Inc. TENANT: Frappe Joe’s Coffee. LANDLORD: Colonial Village Associates LLC. SQUARE FEET: 1200

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Deal Type
Effective Rent (Annual)

$68,783.28

Total Lease Value

$687,832.76

Net Landlord Cash Flow$68,783.28