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3130 State Route 10, Denvil...

Jersey Mike's Subs Leases Retail Space In Denville Commons, Denville
LEASEDRetail

Jersey Mike's Subs Leases Retail Space In Denville Commons, Denville

3130 State Route 10, Denville, NJ 07834, USA

Building Size

1,350 SF

Asset Type

Retail

Closing

Jun 10, 2020

AI

The retail property located at 3130 Route 10 in Denville has been leased. The lease transaction was finalized on 06/10/2021. The property spans approximately 1,350 square feet and is situated in the Denville market.

Summary of transaction details

  • Property Type: Retail
  • Tenant: ACT Denville d/b/a Jersey Mike's Subs
  • Landlord: LRF1 Denville Commons
  • Brokers: Jarrad Coletta & Josh Krantz
  • Asking Rent: $36 per square foot

The tenant for this lease is ACT Denville, operating as Jersey Mike's Subs. The landlord in this transaction is LRF1 Denville Commons. The deal was facilitated by brokers Jarrad Coletta and Josh Krantz. The asking rent for the property was $36 per square foot.

Players

Jarrad Coletta

Coletta Commercial Realty

Broker

$15.1M

vol

10 deals

Broker
JS
Jersey Mike's SubsTenant

Denville 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