Updated Dec 4, 2024
Sakura Teriyaki To Open 1,950-SF Location At Twin City Shopping Center In Jersey City
2-36 Garfield Avenue
Building Size
1,950 SF
Asset Type
Retail
Closing
Dec 20, 2023
About this deal
AI
The Twin City Shopping Center in Jersey City will soon welcome a new addition to its diverse tenant lineup. Sakura Teriyaki, a quick-service restaurant specializing in healthy fast-food options, is set to open a 1,950-square-foot location at the center. The restaurant will offer a variety of teriyaki dishes, bento boxes, poke bowls, and sushi. Twin City Shopping Center already features popular eateries such as Taco Bell, Popeye's Louisiana Kitchen, Wendy's, and Dunkin'.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2-36 Garfield Avenue
- Market: Jersey City
- Asset Size: 1,950 SF
E.J. Moawad from LEVIN Managementrepresented Sakura Teriyaki in this lease transaction.
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Retail
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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