Manhattan Bagel Leases 2,800 SF Retail Space At 39 Route 31 In Flemington
39 Route 31 Flemington, New Jersey 08822, Usa
Building Size
2,800 SF
Asset Type
Retail
Closing
Jul 28, 2023
AI
Manhattan Bagel has recently signed a lease for a 2,800-square-foot retail property located at 39 Route 31 in Flemington, according to property records. The space was previously a fast-food location with a drive-thru. The lease agreement was facilitated by brokers Marta Villa and Samuel Bernhaut from CBRE. Manhattan Bagel already operates two other locations in Union and Westfield.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 39 Route 31
- Market: Flemington
- Square Footage: 2,800
Marta Villa and Samuel Bernhaut from CBRE represented Manhattan Bagel in the lease deal for the retail property. Their expertise and negotiation skills were instrumental in finalizing the agreement. This new location in Flemington adds to Manhattan Bagel's growing presence, as they continue to expand their reach in New Jersey.
La Sauvetat-sur-Lède 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