Updated Oct 29, 2024
Crab Du Jour Signs 10-Year Lease For Retail Space In Avenel, NJ
1076 Saint Georges Avenue
$4,615
$4,615/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Jul 13, 2020
About this deal
AI
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.
On the Map
$4,615
$4,615/SF
Retail
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Players
Avenel Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3437.27%
Cash-on-Cash
-982.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93