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181 US Route 1

Fast Bagel Leases 2,093 SF Retail Space At Plaza K In Woodbridge With Broker Kevin Pelio - Azarian Realty Co
LEASEDRetail

Fast Bagel Leases 2,093 SF Retail Space At Plaza K In Woodbridge With Broker Kevin Pelio - Azarian Realty Co

181 US Route 1

Building Size

2,093 SF

Asset Type

Retail

Closing

Nov 9, 2023

AI

Fast Bagel has leased 2,093 sq. ft. of retail space at 181 US Route 1 in Metuchen. The property is located within Plaza K, which is a 30,000 sq. ft. shopping center in Woodbridge. The lease transaction was finalized on 11/09/2023.

Summary of transaction details

  • Property Type: Retail
  • Square Footage: 2,093
  • Address: 181 US Route 1, Metuchen
  • Market: Woodbridge

The tenant, Fast Bagel, was represented by Spencer Peller during the lease negotiations. The landlord was represented by Kevin Pelio of Azarian Realty Co. Kevin Pelio acted as the broker for both the tenant and landlord in this transaction.

Players

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

Metuchen 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