Popeyes HPCC LLC Leases Retail Space At 345 Essex Street In Hackensack, NJ
345 Essex Street, Hackensack, NJ, USA
Building Size
2,400 SF
Asset Type
Retail
Closing
Mar 31, 2021
AI
Located at 345 Essex Street in Hackensack, NJ, this retail property has recently been leased. The tenant, Popeyes HPCC LLC, will be occupying the space, which spans 2,400 square feet. The landlord of the property is Pratik & Pritti LLC. The deal was facilitated by brokers Chris Conway of Retail CRE and Maurice Assia.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: Not specified
- Asking Rent: $55 per square foot
- Square Footage: 2,400
- Address: 345 Essex Street, Hackensack, NJ
- Market: Hackensack, NJ
Popeyes HPCC LLC, represented by Chris Conway, will be leasing the space from Pratik & Pritti LLC. Maurice Assia also played a role in the transaction as a broker. No additional details about the deal were provided.
Players
Hackensack 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