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
North Brunswick Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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