Restaurant Depot Signs Lease For 91135 Square Foot Retail Space At 577 Winters Avenue Paramus
577 Winters Avenue
Building Size
91,135 SF
Asset Type
Retail
Closing
Mar 15, 2026
AI
The property asset involved in this transaction is a retail space located at 577 Winters Avenue in Paramus, NJ. The total square footage of the lease is 91,135 square feet, which is aimed to accommodate the tenant, Restaurant Depot. The location benefits from high visibility and convenient access to major roadways including Route 17, Route 4, and the Garden State Parkway.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 577 Winters Avenue
- Market: Paramus
- Asset Size: 91,135 square feet
- Tenant: Restaurant Depot
- Brokers: Michael Testa & William Farkas - Catalyst Real Estate Partners
Restaurant Depot has signed a lease that aims for an opening by late 2026, marking an expansion of its footprint in New Jersey. The deal was executed through Catalyst Real Estate Partners, providing a strategic leasing arrangement for the tenant.
Players
Paramus 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