Shaka Kitchen Leases Retail Space In Morristown, NJ From The Silverman Group
LEASED
$38
New Jersey
See Similar DealsRetail1,426 SF
Leased 05/01/2023
LEASED
Shaka Kitchen Leases Retail Space In Morristown, NJ From The Silverman Group
62 South Street
See Similar DealsRetail1,426 SF
Leased 05/01/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$38
Total Square Footage:1,426 SF
Transaction Type:Lease
The Silverman Group has completed a lease transaction for a retail property located at 62 South Street in Morristown, NJ. The asset, measuring 1,426 square feet, was leased to Shaka Kitchen, a fast casual eatery catering to every dietary need. The lease term is set for 10 years, with an asking rent of $38 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 62 South Street, Morristown, NJ
- Market: Morristown, NJ
- Square Footage: 1,426
Shaka Kitchen, represented by Cara DiTommaso from Brown Harris Stevens, brings their exciting new business to the vibrant community of Morristown, NJ.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$62,120.47
Total Lease Value
$621,204.69
Net Landlord Cash Flow$62,120.47
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