National Industrial Products Signs Double Net Lease For Retail Space In Pompton Plains, NJ

The retail property located at 101 Alexander Ave in Pompton Plains, NJ has recently been leased. The lease was finalized on 10/29/2021 and the asset encompasses approximately 27,000 square feet. The property was leased by National Industrial Products from the landlord, 101 Alexander LLC. The lease agreement is a double net lease with a lease term of 3 years and 3 options of 3 years each. The asking rent for the property was $10.50 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not Available
• Market: Pompton Plains, NJ
• Address: 101 Alexander Ave
• Landlord: 101 Alexander LLC
• Tenant: National Industrial Products
• Brokers: Solomon Braun & Larry Lerman - Key Commercial Realty
• Asking Rent: $10.50/ft.
• Lease Type: Double Net Lease
• Lease Terms: 3 years and 3 options of 3 years each

The lease deal was facilitated by Solomon Braun and Larry Lerman from Key Commercial Realty. They represented the tenant, National Industrial Products, in the negotiation process with the landlord, 101 Alexander LLC. This lease agreement represents a significant transaction in the retail market of Pompton Plains, NJ, contributing to the growth and development of the local business community.