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4053 US Route 9

Levin Management Signs Dollar Tree Lease At Aldrich Plaza, Howell
LEASEDRetail

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

Danielle R. Brunelli

R.J. Brunelli & Co

Broker

$49.8M

vol

6 deals

Broker

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