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3010 Nj-35, Hazlet, NJ, 07730

Great Clips Leases Retail Space At 3010 Nj-35, Hazlet With OASG Hazlet LLC
LEASEDRetail

Great Clips Leases Retail Space At 3010 Nj-35, Hazlet With OASG Hazlet LLC

3010 Nj-35, Hazlet, NJ, 07730

Building Size

1,275 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The property asset involved in the transaction is a retail space located at 3010 Nj-35, Hazlet, NJ, 07730, occupying a total of 1,275 square feet. It is situated in the Hazlet market, known for its diverse retail offerings.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 3010 Nj-35, Hazlet, NJ, 07730
  • Tenant: Great Clips
  • Landlord: OASG Hazlet LLC/Onyx Equities
  • Tenant's Representative: Ryan Feldman - Alliance Retail Development

The transaction involved Ryan Feldman representing Great Clips in the leasing process, while OASG Hazlet LLC/Onyx Equities acted as landlords. This deal is part of a larger trend in which eight tenants have combined to lease more than 42,000 square feet of retail space across northern and central New Jersey.

Players

Ryan feldman

Alliance Retail Development

Broker

3 deals

Broker
Onyx Equities
Onyx EquitiesLandlord
GC
Great ClipsTenant

Hazlet 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