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650 Shoppes Blvd

Just Kidding Playground Opens 6000 Square Foot Retail Space At The Shoppes At North Brunswick
LEASEDRetail

Just Kidding Playground Opens 6000 Square Foot Retail Space At The Shoppes At North Brunswick

650 Shoppes Blvd

Building Size

6,000 SF

Asset Type

Retail

Closing

Nov 4, 2024

AI

The property asset involved in this transaction is a retail space located at 650 Shoppes Blvd in North Brunswick Township, comprising a total of 6,000 square feet. This retail location will be leased to Just Kidding Playground, which will join other established tenants in the shopping center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 650 Shoppes Blvd
  • Market: North Brunswick Township
  • Asset Size: 6,000 SF
  • Tenant: Just Kidding Playground
  • Broker: Kevin Pelio - Azarian Realty Group

Kevin Pelio of Azarian Realty Group represented the landlord in the lease transaction, highlighting the continued development of The Shoppes at North Brunswick, which also features tenants such as Starbucks, Chipotle, and Big Blue Swim School.

Players

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

North Brunswick 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