AFC Urgent Care Leases Retail Space In Union City For $45/ft
LEASED
New Jersey
See Similar DealsRetail5,200 SF
Leased 11/05/2021
LEASED
AFC Urgent Care Leases Retail Space In Union City For $45/ft
4200 Bergenline Avenue, Union City, NJ, USA
See Similar DealsRetail5,200 SF
Leased 11/05/2021
Summary
NEW JERSEY
Asset Type:Retail
Total Square Footage:5,200 SF
Transaction Type:Lease
The property located at 4200 Bergenline Avenue in Union City has been leased. The retail space, spanning 5,200 square feet, was leased by AFC Urgent Care. The lease terms include a 10-year agreement with two additional options of five years each. The lease type is an NNN (Triple Net) Lease. The property is owned by Mehra Properties.
Summary of transaction details
- Property Type: Retail
- Address: 4200 Bergenline Avenue, Union City
- Tenant: AFC Urgent Care
- Lease Terms: 10 years with (2) 5-year options
- Lease Type: NNN Lease
The lease deal was facilitated by Christopher Conway and Alicea Santella of The Goldstein Group, who acted as brokers in the transaction.
It is worth noting that the leased space is divided into two levels, with 2,600 square feet on the ground level and an additional 2,600 square feet on the lower level.
Players
BROKERAGE
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$298,060.86
Total Lease Value
$2,980,608.62
Net Landlord Cash Flow$298,060.86
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