Updated Oct 28, 2024
Green Thumb Industries Leases Retail Space In Bloomfield NJ
26-48 Bloomfield Avenue, Bloomfield, New Jersey 07003, United States
Building Size
8,800 SF
Asset Type
Retail
Closing
Apr 19, 2022
About this deal
AI
The property involved in this closed lease transaction is located at 26-48 Bloomfield Ave in Bloomfield. It is a retail asset with a total square footage of 8,800. The lease was signed on 04/20/2022.
Summary of transaction details
- Property Type: Retail
- Tenant: Green Thumb Industries
- Address: 26-48 Bloomfield Ave
- Market: Bloomfield
- Lease Type: NNN Lease
- Asking Rent: $25/ft.
- Lease Terms: NNN Term: 10Yr. w/ two (5) year option $25 per sqft.
The tenant in this lease transaction is Green Thumb Industries. They will be operating a fully regulated cannabis dispensary in Bloomfield, NJ. The tenant was represented by broker Mark Orlowski from Costanza Realtors.
For any inquiries or assistance with real estate needs, you can contact Mark Orlowski at 551-697-0726.
Players
Bloomfield 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