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130 Skyline Drive

Cove Café Signs Lease For 2160 Sq Ft Retail Space At Fieldstone Park In Ringwood
LEASEDRetail

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

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

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