Mr. Juice Signs Lease At Fully Occupied Walgreens Shopping Center In Fairfield
397 Us 46 Fairfield, Nj 07004, Usa
$25
$25/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 14, 2023
AI
The fully occupied Walgreens Shopping Center in Fairfield has welcomed a new tenant, Mr. Juice, a smoothie and juice bar. Mr. Juice signed a lease for a 1,500-square-foot space, bringing the center, located on Route 46 West, to 100% occupancy. The center is conveniently situated on US Highway 46, making it easily accessible to customers.
Summary of transaction details
- Property Type: Retail
- Address: 397 US Highway 46, Fairfield
- Market: Fairfield
- Tenant: Mr. Juice
- Broker: Kevin Pelio - Azarian Realty
- Asking Rent: $25/ft.
- Square Footage: 1,500
Kevin Pelio from Azarian Realty represented Mr. Juice in the lease transaction. This expansion allows Mr. Juice to offer its popular menu of smoothies and juices to customers in the Fairfield area. With the addition of Mr. Juice, the Walgreens Shopping Center is now fully occupied, creating a thriving retail community.
Players
New Jersey 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93