AutoZone Leases Retail Space At 1730 US Route 46 In Woodland Park
LEASED
$24
New Jersey
See Similar DealsRetail37,500 SF
Leased 05/15/2024
LEASED
AutoZone Leases Retail Space At 1730 US Route 46 In Woodland Park
1730 Us Route 46
See Similar DealsRetail37,500 SF
Leased 05/15/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$24
Total Square Footage:37,500 SF
Transaction Type:Lease
The property at 1730 US Route 46 in Woodland Park, a retail asset, was leased by Madison Properties to AutoZone. The lease term consists of a 20-year initial term. The asking rent for the 37,500 square foot space was $24 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1730 US Route 46
- Market: Woodland Park
- Tenant: AutoZone
- Landlord: Madison Properties
- Broker: Shane Wierks & Steve Battista - Jeffery Realty
- Asking Rent: $24/ft.
- Lease Term: 20-year initial term
The deal was facilitated by Shane Wierks and Steve Battista from Jeffery Realty, representing the respective parties in the lease transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,031,749.14
Total Lease Value
$10,317,491.38
Net Landlord Cash Flow$1,031,749.14
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