Updated Oct 29, 2024
Pizza Hut Leases Retail Space At 198 Market Street In Newark, NJ
198 Market Street
$54
$54/SF
Building Size
1,875 SF
Asset Type
Retail
Closing
Dec 22, 2022
About this deal
AI
The retail property located at 198 Market Street in Newark, NJ has been leased. The property, owned by 198 Market, has been leased to Pizza Hut. The deal was facilitated by Bruce Herman from Booth Street. The leasing transaction involved an asking rent of $54 per square foot for a total of 1,875 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 198 Market Street, Newark, NJ
- Tenant: Pizza Hut
- Landlord: 198 Market
- Broker: Bruce Herman - Booth Street
- Asking Rent: $54/ft
- Square Footage: 1,875
Bruce Herman from Booth Street represented Pizza Hut in the leasing transaction. This agreement marks a successful deal for both the landlord, 198 Market, and the new tenant, Pizza Hut.
On the Map
$54
$54/SF
Retail
View full map
Players
Newark, NJ Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Bruce Herman to view all their deals.
Browse Newark, NJ retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93