Levin Management Signs Dollar Tree Lease At Aldrich Plaza, Howell
4053 US Route 9
Building Size
15,000 SF
Asset Type
Retail
Closing
Jun 21, 2024
AI
The property at 4053 US Route 9 in Howell is a retail asset with a total space of 15,000 square feet. Dollar Tree has leased this space at Aldrich Plaza, filling half of a former Bed, Bath & Beyond location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 4053 US Route 9
- Market: Howell
- Tenant: Dollar Tree
- Landlord's Rep: E.J. Moawad - LEVIN Management
- Tenant's Rep: Danielle Brunelli - R.J. Brunelli & Co.
E.J. Moawad from LEVIN Management represented the landlord, while Danielle Brunelli from R.J. Brunelli & Co. represented Dollar Tree in the leasing transaction at Aldrich Plaza.
Players
Howell 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