facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

397 Us 46 Fairfield, Nj 070...

Mr. Juice Signs Lease At Fully Occupied Walgreens Shopping Center In Fairfield
LEASEDRetail

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

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

New Jersey Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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