Crab Du Jour Signs 10-Year Lease For Retail Space In Avenel, NJ
LEASED
New Jersey
See Similar DealsRetail2,600 SF
Leased 07/13/2020
LEASED
Crab Du Jour Signs 10-Year Lease For Retail Space In Avenel, NJ
1076 Saint Georges Avenue
See Similar DealsRetail2,600 SF
Leased 07/13/2020
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$4,615
Total Square Footage:2,600 SF
Transaction Type:Lease
Located at 1076-1080 St George’s Avenue in Avenel, NJ, this retail property has recently been involved in a lease transaction. The asset, spanning 2,600 square feet, was leased to Crab Du Jour. The lease, signed on July 13, 2021, is for a duration of 10 years and follows the NNN (triple net) structure. The asking rent for this property was $46.15 per square foot.
Summary of transaction details
- Property Type: Retail
- Tenant: Crab Du Jour
- Address: 1076-1080 St George’s Avenue, Avenel, NJ
- Market: Avenel, NJ
- Lease Date: July 13, 2021
- Lease Duration: 10 years
- Lease Structure: NNN (triple net)
- Asking Rent: $46.15 per square foot
Chris Conway and David Choi of New Bergenline LLC represented the landlords, while Christopher Conway served as the broker for this lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$13,755,508.79
Total Lease Value
$137,555,087.86
Net Landlord Cash Flow$13,755,508.79
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