Alison Horbach Of Ripco Real Estate Represents Tenant In Lease At 3495 Us-1 Princeton NJ
3495 Us-1, Princeton, NJ, 08540
Building Size
2,200 SF
Asset Type
Retail
Closing
Feb 14, 2020
AI
A lease has been secured for a property located at 3495 US Route 1, Princeton, NJ, 08540. The leased space covers an area of 2,200 square feet and is situated within the Whole Foods Center in the Princeton market. It is designated for the national gourmet bakery concept, Nothing Bundt Cakes, and is anticipated to open in the spring of 2020.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 3495 Us-1, Princeton, NJ, 08540
- Market: Princeton
- Square Feet: 2,200
- Tenant: Nothing Bundt Cakes
- Tenant's Representative: Alison Horbach - Ripco Real Estate
- Landlord: Unknown
Alison Horbach of Ripco Real Estate acted as the exclusive leasing agent for Nothing Bundt Cakes in New Jersey, overseeing multiple lease transactions across the state, including this 10-year lease in Princeton. The brand specializes in premium, handcrafted bundt cakes and is expanding its presence in New Jersey.
Players
Princeton 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