Aldi Leases 20000 Square Feet At 1919 Nj-35 Wall Township From RT 35 Wall Promenade LLC
1919 Nj-35, Wall Township, NJ, 07719
Building Size
20,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 1919 Nj-35, Wall Township, NJ, 07719. It encompasses a total area of 20,000 square feet and is situated in the Belmar market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1919 Nj-35, Wall Township, NJ, 07719
- Market: Belmar
- Square Feet: 20,000
- Tenant: Aldi
- Landlord: RT 35 Wall Promenade LLC
- Tenant's Representative: Brian Wherty - Equity Retail Brokers
This lease transaction features Aldi as the tenant, with RT 35 Wall Promenade LLC acting as the landlord. The tenant was represented by Brian Wherty from Equity Retail Brokers, indicating the professional involvement in facilitating the leasing agreement.
Players
Belmar 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