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Grace Yoga Leases Retail Space At Route 9 Plaza In Old Bridge
LEASED
$25
New Jersey
See Similar DealsRetail26,000 SF
Leased 06/02/2023
LEASED
Grace Yoga Leases Retail Space At Route 9 Plaza In Old Bridge
1150 Us 9 Old Bridge, Nj 08857, Usa
See Similar DealsRetail26,000 SF
Leased 06/02/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$25
Total Square Footage:26,000 SF
Transaction Type:Lease
Grace Yoga will open its second location at Route 9 Plaza in Old Bridge, bringing the shopping center to full occupancy. The boutique yoga studio will be located at 1150 US Highway 9 and will occupy a space of 26,000 square feet. The asking rent for this retail space is $25 per square foot. This addition reflects the growing trend of fitness concepts in the area.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 1150 US Highway 9, Old Bridge
- Market: Old Bridge
Grace Cairns, the owner of Grace Yoga, will be representing the tenant in this lease agreement. Kendal Hand-Freda from Levin Management Corp. will be representing the landlord in this deal. Michael Sclafani from RE/MAX Central will be acting as the tenant's representative.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$745,152.16
Total Lease Value
$7,451,521.55
Net Landlord Cash Flow$745,152.16
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