Pizza Hut Leases Retail Space At 198 Market Street In Newark, NJ
LEASED
$54
New Jersey
See Similar DealsRetail1,875 SF
Leased 12/22/2022
LEASED
Pizza Hut Leases Retail Space At 198 Market Street In Newark, NJ
198 Market Street
See Similar DealsRetail1,875 SF
Leased 12/22/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$54
Total Square Footage:1,875 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$116,071.78
Total Lease Value
$1,160,717.78
Net Landlord Cash Flow$116,071.78
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