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

Property Image
LEASED
Lew Finkelstein
CJ Huter
+ 1

New Jersey

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Retail10,377 SF
Leased 06/15/2021
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Property Image
LEASED

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

1125 Inman Ave, Edison, NJ, USA

See Similar Deals
Retail10,377 SF
Leased 06/15/2021
Lew Finkelstein
CJ Huter
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Total Square Footage:10,377 SF
Transaction Type:Lease

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 (Chris) Conway
40 deals$12.1M volume
BROKER

Christopher (Chris) Conway
Atlantic Coastal Real Estate
40 deals$12.1M volume
BROKER

CJ Huter
VanRockCRE
25 deals$119.7M volume(201) 888-8129
BROKER

Lew Finkelstein
31 deals$125.9M volume(201) 704-2743
BROKER

Roy Paret
The Goldstein Group
3 deals
BROKER

BROKERAGE

Details

LEASED
IMAGE: Chris Conway & Lew Finkelstein DATE: 06/15/2021 ADDRESS: 1125 Inman Ave, MARKET: Edison, NJ ASSET TYPE: Retail TENANT: Dunkin (@Dunkin) LANDLORD: Oak Grove Associates BROKERS: Chris Conway (@Retail_Cre), Lew Finkelstein (@LewFinkelstein), CJ Huter & Roy Paret ASKING RENT: $80,000/yr NNN ~ ACRES: 0.5 TERM: 10 year ground lease with (4) 5 year options

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Deal Type
Effective Rent (Annual)

$594,803.38

Total Lease Value

$5,948,033.78

Net Landlord Cash Flow$594,803.38