Cove Café Signs Lease For 2160 Sq Ft Retail Space At Fieldstone Park In Ringwood
130 Skyline Drive
Building Size
2,160 SF
Asset Type
Retail
Closing
Mar 1, 2026
AI
The asset involved in this transaction is a retail property located at 130 Skyline Drive in the Ringwood market, encompassing a total square footage of 2,160. The lease has been signed by Cove Café for their inaugural location in northeast Passaic County, situated within Fieldstone Park Shopping Center, which spans 95,566 square feet and hosts additional tenants such as Dairy Queen and The Fresh Grocer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 130 Skyline Drive
- Market: Ringwood
- Asset Size: 2,160 SF
- Tenant: Cove Café
- Broker: Kevin Pelio - Azarian Realty Group
The deal was brokered by Azarian Realty Group, represented by Kevin Pelio. The shopping center is preparing for a significant exterior renovation expected to be completed by late 2026.
Players
Ringwood 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