Milk Shake Factory Leases Retail Space At 175 Newark Avenue In Jersey City With Gregory Edgell Representing
LEASED
$80
New Jersey
See Similar DealsRetail1,200 SF
Leased 11/07/2024
LEASED
Milk Shake Factory Leases Retail Space At 175 Newark Avenue In Jersey City With Gregory Edgell Representing
175 Newark Avenue
See Similar DealsRetail1,200 SF
Leased 11/07/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$80
Total Square Footage:1,200 SF
Transaction Type:Lease
The retail asset located at 175 Newark Avenue in Jersey City features a lease agreement with the Milk Shake Factory as the tenant. The property spans 1,200 square feet with an asking rent of $80 per square foot. The lease term is set for 10 years with an option available, and it operates under a NNN lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Address: 175 Newark Avenue
- Market: Jersey City
- Tenant: Milk Shake Factory
- Lease Term: 10Y + Option
- Lease Type: NNN Lease
- Broker: Gregory Edgell - Grid Real Estate
Gregory Edgell from Grid Real Estate represents the interests of the tenant, Milk Shake Factory, in this leasing transaction. The deal highlights the ongoing activity and demand in the Jersey City retail market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$110,053.24
Total Lease Value
$1,100,532.41
Net Landlord Cash Flow$110,053.24
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