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39 Route 31 Flemington, New...

Manhattan Bagel Leases 2,800 SF Retail Space At 39 Route 31 In Flemington
LEASEDRetail

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.

Players

Samuel Bernhaut

CBRE

Broker

$12.5M

vol

8 deals

Broker

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