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
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