Peter Montalbano Leases Retail Space To Domino's At 385 Franklin Turnpike For 10 Years
LEASED
$30
New Jersey
See Similar DealsRetail1,500 SF
Leased 05/01/2025
LEASED
Peter Montalbano Leases Retail Space To Domino's At 385 Franklin Turnpike For 10 Years
385 Franklin Turnpike
See Similar DealsRetail1,500 SF
Leased 05/01/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$30
Total Square Footage:1,500 SF
Transaction Type:Lease
The property involved in the transaction is a retail asset located at 385 Franklin Turnpike in Ramsey. The asking rent for the space is $30 per square foot, and it encompasses a total of 1,500 square feet. The lease established is a NNN lease with a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Peter Montalbano - 385 N. Franklin Turnpike
- Tenant: Domino's - Azeemi Pizza
- Broker: James Peko - Christie's International Real Estate
The key individuals behind this transaction include Peter Montalbano, who is the landlord, and Domino's, represented by Azeemi Pizza as the tenant. The broker facilitating this deal is James Peko from Christie's International Real Estate.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$51,587.46
Total Lease Value
$515,874.57
Net Landlord Cash Flow$51,587.46
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