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1125 Inman Ave, Edison, NJ,...

Dunkin Leases Retail Space In Edison, NJ From Oak Grove Associates
LEASEDRetail

Dunkin Leases Retail Space In Edison, NJ From Oak Grove Associates

1125 Inman Ave, Edison, NJ, USA

Building Size

10,377 SF

Asset Type

Retail

Closing

Jun 14, 2021

AI

A ground lease transaction for a retail property in Edison, NJ has been completed. The property, located at 1125 Inman Ave, was leased to Dunkin by Oak Grove Associates. The deal was facilitated by brokers Chris Conway, Lew Finkelstein, CJ Huter, and Roy Paret. The lease term is 10 years with four five-year options.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 1125 Inman Ave, Edison, NJ
  • Tenant: Dunkin
  • Landlord: Oak Grove Associates
  • Brokers: Chris Conway, Lew Finkelstein, CJ Huter, Roy Paret

The lease transaction for the retail property at 1125 Inman Ave in Edison, NJ was overseen by brokers Chris Conway, Lew Finkelstein, CJ Huter, and Roy Paret. The deal involved leasing the property to Dunkin for a term of 10 years, with the tenant having the option to extend for an additional four five-year periods.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker
DD
Dunkin' DonutsBrokerage

Edison 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93