USA Superstores Leases Retail Space From Walgreens At 1620 Oak Tree Road In Edison
1620 Oak Tree Road
$45
$45/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 6, 2025
AI
The property asset involved in this lease transaction is a retail space located at 1620 Oak Tree Road in the Edison market. The retail space encompasses a total of 10,000 square feet and commands a rent of $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: USA Superstores
- Landlord: Walgreens
- Lease Date: 03/06/2025
The deal is represented by Walgreens as the landlord in the transaction, with the tenant being USA Superstores. Details of the broker representatives involved were not provided in the context.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93