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
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